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...

Despite being a low‐income, agriculture‐based country with a subsistence‐orientation, Laos is in the early stages of a major economic transformation whereby rural households have been experiencing rapid change in their farming and livelihood systems. Some households have engaged in what...

The oil palm boom in Southeast Asia has increased demand for institutional arrangements facilitating large-scale plantation development on customary lands. A financial model of an oil palm plantation in Sarawak, Malaysia, is used to explore six project types, including managed smallholders,...

Despite its small area and intensively cropped landscape, East Java accounts for 30% of Indonesia’s beef cattle population. About two million households draw on family labour to raise cattle in backyard sheds and small enclosures, largely for cash income. The paper reports on a study in two...

Using an expected mean-variance model the changes in farm enterprise levels and indirect utility were examined under conditions of risk aversion, budget constraints and gross margin variance. An extension of the comparative statics of the expected mean-variance model was adopted by introducing a...

Following the reforms of doi moi, household farms in Vietnam are being affected by policies which are implementing land, financial and trade reforms. The nature of agriculture in Vietnam is such that household farms operate within and are constrained by the activities of their location within a...