| An Aggregative Programming Model of Australian Agriculture (APMAA) is being developed by a research team at the University of New England. This paper presents a minimum-level version of APMAA, known as APMAA'74 which was developed as a framework for further model development. In addition to insights gained with APMAA'74, the paper presents an example of its application to the State of New South Wales. In this application, a comparison is made of farm plans and their aggregative effects generated under the contrasting assumptions of producers holding expectations of there being a slump or there not being a slump in the price of wool. |
