In multi-period farm planning problems involving uncertainty, the usual case in the real world, planning must involve a continuous process of re-evaluation. In this dynamic situation it is necessary to know the number of periods to include in the decision model to ensure optimality. This is...

Farm adjustment is a complex process involving decisions by farmers about a wide range of economic and non-economic factors which influence the farm business and farm family. The economics literature emphasises the importance of economic factors in the adjustment behaviour of farmers. However,...

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...

Parametric linear programming is used to derive optimum programmes for 590 different resource situations representing the range existing in the Murrumbidgee Irrigation Area of New South Wales. Enterprises comprising optimum plans included rice, commercial lucerne hay using farmer owned...