Single-index models from portfolio theory have previously been adapted for risk efficient farm planning in North America. The potential for using single-index models in farm planning is considered in this paper both theoretically and in the light of two illustrative Australian case studies. It...

This study was based on the hypothesis that lenders to the rural sector have the potential to affect the rate of agricultural adjustment directly via capital formation. Multi-period linear programming models were developed to quantify the effects of lender policy on farm growth for wheat...

Methods of obtaining a utility maximizing solution from quadratic programming models for farm planning are presented. The methods require only simple modifications to models constructed to produce an EV frontier from a portfolio selection model.

This paper reviews the literature on the optimal replacement of capital equipment, especially farm machinery. It also considers the influence of taxation and capital rationing on replacement decisions. It concludes that special taxation provisions such as accelerated depreciation and investment...

Regulation of the New South Wales dairy industry creates inefficiencies and raises the cost of production. In this study, the industry is modelled by adapting an ABARE subregional programming model, and using spatial equilibrium linear activity analysis to examine the effects on the production...