Recent applications of risk analysis in corporate finance to farm firm decision making are reviewed in this paper. The inclusion of risk parameters modifies some of the traditional agricultural economics views on investment, financing and the portfolio choice problem. A clearer view emerges of...

In the period under review the New Zealand agricultural sector has continued to be sensitive to changes in macroeconomic policies in the economy as a whole. This has not altered with the change of Government in October 1990. The combined forces of low commodity prices, increased costs, and...

The period under review has been one of steady consolidation rather than spectacular change. The agricultural sector has accommodated itself to the deregulated environment and has indeed benefited from the macro-economic emphasis on stable exchange rates and low interest rates. Further reform of...

The period under review has seen a resurgence of economic growth in New Zealand with consequent improvements in employment and a turn-around in the fiscal deficit. Inflation has been controlled by strict monetary policy with consequent effects on the TWI. As a result, prices of tradable goods...

Since July 1984 the New Zealand Government has been following a policy of disengagement and deregulation throughout the New Zealand economy. The impacts of the new policy have been felt at both the macro and the micro level. For the agricultural sector, a closer relationship to international...

In this paper, political preference functions and bargaining models based on game theory are examined for their relevance to government processes and policies in agriculture. While bargaining models show some refinements over preference models in explaining how interest group demands are met in...