‘Does Farming Pay in Victoria?’ Profit Potential of the Farming Industry in Mid-Nineteenth-Century Victoria

Dmytro Ostapenko

Australian Economic History Review, 2014, vol. 54, issue 1, 37-61

Abstract: type="main">

The conventional view of the fortunes of European newcomers who cropped land in mid-nineteenth-century Victoria is confined to a description of their difficulties. This article critically assesses the scope for profit-making in the local farming sector in the late 1830s to early 1870s. The microeconomic environment in which early colonial farmers operated is reconstructed in this article with the use of modern Michael Porter's five forces of competition model. The article shows the high profit potential of crop farming – even when on a small scale – throughout the period, with the exception of the last few years when intensified competition among farmers affected their profits.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1111/aehr.12034 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ozechr:v:54:y:2014:i:1:p:37-61

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-8992

Access Statistics for this article

Australian Economic History Review is currently edited by Stephen L Morgan and Martin Shanahan

More articles in Australian Economic History Review from Economic History Society of Australia and New Zealand Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().