Natural Resources Research Articles
Document Type
Article
Publication Date
4-1995
Journal Title
Review of Marketing and Agricultural Economics
ISSN
00346616
Keywords
Farm wheat supply, Risk management, Risk adverse, MUDAS (Model of an Uncertain Dryland Agricultural System), Soils, Dryland farming
Disciplines
Agribusiness | Agricultural Economics | Agricultural Science | Agronomy and Crop Sciences | Data Science | Environmental Monitoring | Natural Resource Economics | Natural Resources Management and Policy | Plant Breeding and Genetics | Statistical Models
Abstract
A discrete stochastic programming model of the farming system of the eastern wheatbelt of Western Australia is used to examine the effect of tactical responses and risk aversion on wheat supply. Including within-season tactical changes to wheat areas decreases the own-price elasticity of supply. By contrast, introducing risk aversion has no consistent effect on the own-price elasticity of supply. The implications for supply models are discussed.
Recommended Citation
Kingwell, R S.
(1995), Effects of tactical responses and risk aversion on farm wheat supply. Review of Marketing and Agricultural Economics, 62 (01), 29-42.
https://library.dpird.wa.gov.au/nrm_research/48
Included in
Agribusiness Commons, Agricultural Economics Commons, Agricultural Science Commons, Agronomy and Crop Sciences Commons, Data Science Commons, Environmental Monitoring Commons, Natural Resource Economics Commons, Natural Resources Management and Policy Commons, Plant Breeding and Genetics Commons, Statistical Models Commons
