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| Registros recuperados: 16 | |
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| Hutchings, Timothy R.; Nordblom, Thomas L.. |
| This study analyses the financial risk faced by representative mixed-enterprise farm businesses in four regions of south-eastern Australia. It uses discrete stochastic programming to optimise the ten-year cash flow margins produced by these farms operating three different farming systems. Monte Carlo analysis is used to produce a risk profile for each scenario, derived from multiple runs of this optimised model, randomised for commodity prices and decadal growing season rainfall since 1920. This analysis shows that the performance of the enterprise mixes at each site is characterised more by the level of variability of possible outcomes than by the mean values of financial outputs. It demonstrates that relying on mean values for climate and prices... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2011 |
URL: http://purl.umn.edu/101405 |
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| Hutchings, Timothy R.; Nordblom, Thomas L.. |
| This study analyses the financial risk faced by representative mixed-enterprise farm businesses in four regions of south-eastern Australia. It uses discrete stochastic programming to optimise the ten-year cash flow margins produced by these farms, operating three alternative farming systems. Monte Carlo simulation analysis is used to produce a risk profile for each scenario, derived from multiple runs of this optimised model, randomised for commodity prices and decadal growing season rainfall since 1920. This analysis shows that the performance of the enterprise mixes at each site is characterised more by the level of variability of outcomes than by the mean values of financial outputs. It demonstrates that relying on mean values for climate and prices... |
| Tipo: Article |
Palavras-chave: Farm management; Financial risk; Climate risk; Price risk; Variability; Farm Management. |
| Ano: 2011 |
URL: http://purl.umn.edu/120908 |
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| Nordblom, Thomas L.; Reeson, Andrew; Whitten, Stuart M.; Finlayson, John D.; Kelly, Jason A.; Hume, Iain H.. |
| Shortfalls in water supplies are perhaps the greatest practical NRM policy concern in Australia today, looming larger in many minds than the great international debates on greenhouse gasses, climate change and biodiversity. Because forest land cover uses more water than any other, wide expansion of upstream tree plantations can significantly reduce water yields upon which downstream urban, agricultural and wetlands depend. We consider the economic efficiency and equity (profitability and distributional) consequences of upstream land use change. The ‘environmental services’ of concern in our study are the mean annual quantities and qualities (volumes and salt concentrations) of water flowing from upper parts of a catchment to the downstream interests... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Experimental economics; Land use; Rival water uses; MBI; Environmental Economics and Policy; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6249 |
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| Nordblom, Thomas L.; Hume, Iain H.; Finlayson, John D.; Kelly, Jason A.; Welsh, Rob; Hean, Robyn L.. |
| The net present value (NPV) of downstream economic benefits of changes in water-yield (W) and salt-load (S) of mean annual river flow received by a lower catchment from an upper catchment are described as a 3-dimensional (NPV,W, S) surface, where dNPV/dW > 0 and dNPV/d(S/W) < 0. Upstream changes in land use (i.e. forest clearing or forest establishment, which result in higher or lower water-yields, respectively) are driven by economic consequences for land owners. This paper defines conditions under which costs of strategic upstream land use changes could be exceeded by compensations afforded by downstream benefits from altered water-yields and/or lower salt loads. The paper presents methods, and preliminary calculations for an example river,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Policy markets upstream downstream water; Salinity Land Economics/Use. |
| Ano: 2007 |
URL: http://purl.umn.edu/10355 |
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| Hutchings, Timothy R.; Nordblom, Thomas L.; Li, Guangdi; Conyers, Mark. |
| A 12-year experiment designed to show the benefits of applying lime to acid soils when growing annual pasture, perennial pasture, and annual crops in rotations with annual or perennial pastures, provides the context for comparing methods of economic analysis. In this study enterprise gross margins are compared with whole-farm cumulative monthly cash flows derived using a business process model. The current study gave gross margins comparable with those of a recently published study based on the first 12 years of the same field experiment at Book Book near Wagga Wagga in southern NSW (Li et al., 2010). Both gross margin analyses indicated positive results for all treatments. However, because key fixed and capital cost items were not taken into account in... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2010 |
URL: http://purl.umn.edu/59088 |
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| Pannell, David J.; Nordblom, Thomas L.. |
| This article reports on a study of the impact of risk on farm management practices in northern Syria, focusing particularly on how these are affected by risk aversion and farm size. The study is based on production data from an eight‐year field trial and on prices from market surveys. A large linear programming model is built, representing the eight years as observations from a discrete probability distribution. Risk aversion is modelled by inclusion of a utility function with constant relative risk aversion, represented using the DEMP/UEP approach. |
| Tipo: Journal Article |
Palavras-chave: Farm Management; Risk and Uncertainty. |
| Ano: 1998 |
URL: http://purl.umn.edu/117232 |
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| Nordblom, Thomas L.; Hume, Iain H.; Bathgate, Andrew D.; Reynolds, Michael. |
| Land managers in upper catchments are being asked to make expensive changes in land use, such as by planting trees, to attain environmental service targets, including reduced salt loads in rivers, to meet needs of downstream towns, farms and natural habitats. End-of-valley targets for salt loads have sometimes been set without a quantitative model of cause and effect regarding impacts on water yields, economic efficiency or distribution of costs and benefits among stakeholders. This paper presents a method for calculating a ‘menu’ of technically feasible options for changes from current to future mean water yields and salt loads from upstream catchments having local groundwater flow systems, and the land-use changes to attain each of these options at... |
| Tipo: Journal Article |
Palavras-chave: Discounting; Landuse; NPV; Opportunity-cost; Salinity; Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/116973 |
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| Nordblom, Thomas L.; Hume, Iain H.; Cresswell, Hamish; Glover, Mark; Hean, Robyn L.; Finlayson, John D.; Wang, Enli. |
| Although dryland farming and grazing have been practiced for over 130 years in the 17,000 ha Simmons Creek catchment without surface salinity problems, the area has been identified as a significant source of salt seepage to Billabong Creek in the NSW Murray catchment. Groundwater movement and salinity levels are spatially heterogenous at Simmons Creek. Groundwater of the upper catchment is relatively fresh and seemingly unconnected with the highly saline groundwater of the lower catchment. However, fresh surface water does flow from the upper to the lower catchment. This spatial diversity provokes the question of where high-water-use forest habitats might be placed to achieve different combinations of environmental services (greater water yield, lower... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Optimisation; Opportunity costs; Forest-habitat; Environmental services; Environmental Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/10357 |
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| Nordblom, Thomas L.; Medd, Richard W.. |
| The 1999 National Competition Policy Review of Ag & Vet Chemical legislation recommended, inter alia, that registrants no longer be required to prove ‘APPROPRIATE’ levels of efficacy of their products but only that the claims on product labels be ‘TRUE’. ‘Appropriate’ efficacy standards amount to market regulation, limiting economic competition from formulations with lower efficacies. Cheaper formulations with lower efficacies are excluded from the marketplace by such standards. Unanswered is the question of what ‘TRUTH’ on a label means in practical terms. Flexibility in dose rates and guidance with usage information is not always well-stated on herbicide labels. There is considerable evidence that efficacy of herbicide varies with dose and with... |
| Tipo: Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/123711 |
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| Registros recuperados: 16 | |
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