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Farmer risk management under changing conditions

Kingwell, R Mr; Ph: (08) 9380 3410; Fax: (08) 9380 1098; rkingwell@agric.wa.gov.au

Research organisation: University of Western Australia, School of Agriculture, Nedlands WA 6907

Sponsor: AWRAPO: Australian Wool Research and Promotion Organisation

Objectives:

1. To examine the tactical options available to farmers in responding to changing weather and market conditions;

2. To detail the supply and welfare effects of strategic and tactical farm management.

Methodology: Mathematical programming, risk analysis, simulation modelling.

Progress: PhD submitted and passed. Several papers published and in process of submission.

Period: starting date 1993-11; completion date 1996-10

Status: completed

Keywords: farm management, risk, marketing

Publications:

Kingwell, R. (1993). Effects of tactical responses and risk aversion on farm wheat supply. Contributed paper to the 37th Annual Conference of the Australian Agricultural Economics Society, Sydney University, Feb 9-11, Sydney, NSW.

Kingwell, R. (1994). Risk attitude and dryland farm management. Agricultural Systems 45, 191-203.

Kingwell, R. (1994). Effects of tactical responses and risk aversion on farm wheat supply. Review of Marketing and Agricultural Economics 62, 29-42

Kingwell, R. (1996). Programming models of farm supply response: the impact of specification errors. Agricultural Systems 50, 307-324.

Kingwell, R. (1997). Wheat and wool prices: lessons from the past. Journal of Agriculture, Western Australia 38, 28-30.

Kingwell, R. (1997). The importance of tactical decision-making in responding to marketing schemes. Contributed paper to the 41st Annual Conference of the Australian Agricultural and Resource Economics Society, Pan Pacific Hotel, Gold Coast, January 20-25, 1997.

Kingwell, R.S., Pannell, D.J. and Robinson, S. (1993). Tactical responses to seasonal conditions in whole-farm planning in Western Australia. Agricultural Economics 8, 211-226.

Kingwell, R. S. and Bathgate, A. D. (1993). The effect of climatic risk on the management of stock in a sustainable farming system. International Workshop on sustainable land management for the 21st Century, the University of Lethbridge, Alberta, Canada, June 20-26: Summaries of Papers 141-144, (edited by J. Dumanski), Agricultural Institute of Canada, Ottawa.

Kingwell, R.S. and Schilizzi, S.G.M. (1994) Dryland pasture improvement given climatic risk. Agricultural Systems 45,175-191.

Pannell, D., Malcolm, B. and Kingwell, R. (1995). Are we risking too much? Perspectives on risk in farm modelling and farm management. Contributed paper to the 39th Annual Conference of the Australian Agricultural Economics Society, University of Western Australia, Perth, February 14-16 1995.

 

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