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| Culas, Richard J.; Mahendrarajah, Mahen. |
| Farm planning generally focuses on optimal diversification with respect to risk and uncertainties, where the risk-management strategies combine production, marketing, financial and environmental responses of the production of farm firm. In this study an empirical examination of farm diversification has been carried out from a sample of farms in Eastern Norway in which four measures of diversification (indices) were defined to incorporate the risk and uncertainties in relation to farm production (total) income. Using these four alternative measures of diversification and panel-data techniques, it has been shown that larger farms are more diversified, and when there is productive location and access to labour the farmers have a greater incentive to spread... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm diversification; Risk and uncertainty; Environmental management; Panel data; Agribusiness; C23; Q12; Q20. |
| Ano: 2005 |
URL: http://purl.umn.edu/24647 |
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| Culas, Richard J.. |
| This paper investigates the key decision parameters of farmers related to the allocation of land between wheat production and pasture for sheep (wool) production. Wheat area supply response, is estimated across the Australian wheat-sheep zone using data for the period 1991 to 2004. Statistical results reveal that wheat growers in Western Australia are more price responsive than growers in the eastern states. Area adjustment is not significantly different between the regions. Rainfall has a positive influence on wheat production while time-related exogenous factors such as technical progress seemed to have little influence on the wheat yield over this period. |
| Tipo: Article |
Palavras-chave: Wheat area supply response; Farmer‟s decision parameters; Wheat production; Australian wheat-sheep zone; Farm Management. |
| Ano: 2011 |
URL: http://purl.umn.edu/120909 |
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| Culas, Richard J.. |
| Farm planning often focuses on optimal diversification with respect to risk, where the risk-management strategies combine production, marketing, financial and environmental aspects of the farm-firm. In this study an empirical examination of diversification has been carried out using a sample of farms in Eastern Norway. Four measures of diversification (indices) were defined to record the risks in relation to income from farm production. Using these alternative measures of diversification and panel-data, the results show that larger farms are more diversified, and for farms in more favourable locations and access to labour, the farmers have a greater incentive to spread risk. These results suggest that diversification and farm size are positively linked and... |
| Tipo: Article |
Palavras-chave: Farm diversification; Causes of farm diversification; Panel data; Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/122238 |
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