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Apmaa'74: A Minimum-Level Aggregative Programming Model Of New South Wales Agriculture

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  • Monypenny, J. Richard
  • Walker, Neal

Abstract

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.

Suggested Citation

  • Monypenny, J. Richard & Walker, Neal, 1976. "Apmaa'74: A Minimum-Level Aggregative Programming Model Of New South Wales Agriculture," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 44(01-2), pages 1-16, March.
    • Handle: RePEc:ags:remaae:9222
    DOI: 10.22004/ag.econ.9222
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    References listed on IDEAS

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    1. Jean-Marc Boussard & Michel Petit, 1967. "Representation of Farmers' Behavior under Uncertainty with a Focus-Loss Constraint," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(4), pages 869-880.
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