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The Effect of Declining Wool Prices, Wheat Quotas and Debt Reconstruction on the Financial Viability of Australian Farmers

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  • Davidson, Bruce Robinson

Abstract

An examination of the decline in net farm income between 1966-67 and 1969-70 indicates that in the three major zones the following size groups will be non-viable (l) In the High Rainfall Zone, farms with less than 2,000 and more than 10,000 sheep, comprising 85 per cent of farms in the Zone. (2) In the Wheat Sheep Zone, farms with less than 1,000 sheep, comprising 56 per cent of farms. (3) In the Pastoral Zone, farms with less than 20,000 sheep, comprising 98 per cent of farms. This situation could be alleviated to some extent by extending the period of debt repayment from the present average period of 7 years to a period of 20 to 30 years.

Suggested Citation

  • Davidson, Bruce Robinson, 1971. "The Effect of Declining Wool Prices, Wheat Quotas and Debt Reconstruction on the Financial Viability of Australian Farmers," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(01), pages 1-14, March.
    • Handle: RePEc:ags:remaae:9671
    DOI: 10.22004/ag.econ.9671
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    Cited by:

    1. Chisholm, Anthony H., 1972. "A Negative Income Tax And Low Income Farm Families," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 16(2), pages 1-13, August.
    2. Baker, Chester B., 1974. "An Economic Alternative To Concessional Farm Interest Rates," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(3), pages 1-22, December.

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    Keywords

    Agricultural Finance;

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