Vietnam has designated 3.8 million hectares of agricultural land for paddy rice production, reflecting historical and ongoing concerns about food security. However, Vietnam is now the world’s second largest exporter of rice, and it imports vast quantities of livestock feed, some of which could...

A generalisation of previous household models is developed to include production, consumption, storage, labour and land allocation decisions under price, yield, storage and investment risks. Implications drawn from this model include, that consumption can be a hedge against price risk and that...

The advent of globalisation has brought many opportunities in trade, capital and labour flows and in exchange of information and technology. For agricultural producers, globalisation offers the possibility of expanded markets. But integration into the global economy is fraught with challenges,...

Economic theory often provides information on the variables to be included in economic relationships (e.g., demands are functions of prices) and sometimes provides information on the signs and magnitudes of first- and second-order derivatives (e.g., homogeneity and concavity information)....