Welfare Effects of and Supply Responses to Recent Australian Agricultural Policy Changes

Robert Fraser

Review of Marketing and Agricultural Economics, 1993, vol. 61, issue 01, 7

Abstract: This paper examines the joint impact of wheat market deregulation and removal of the wool Reserve Price Scheme on Australian wheatbelt farmers using a simple model of land allocation between the two products and empirical details of the impact of the two policy changes on farmers' uncertain economic environment. It is shown that key parameters are wool micronage, wheat yield variability and the presence or not of a wool price ceiling due to stockpile disposal. Consequently, important regional differences in welfare impacts and supply responses may exist and these may be of significance to the mechanics of stockpile disposal.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 1993
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/10320/files/61010041.pdf (application/pdf)

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:ags:remaae:10320

DOI: 10.22004/ag.econ.10320

Access Statistics for this article

More articles in Review of Marketing and Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().