IDEAS home Printed from https://ideas.repec.org/a/bla/ajarec/v16y1972i1p1-10.html
   My bibliography  Save this article

Risk And Farm Size In The Pastoral Zone

Author

Listed:
  • Jock R. Anderson

Abstract

Variable performance over time is an important feature of wool growing in the eastern pastoral zone of Australia. An analysis of time series data from the Australian Sheep Industry Survey indicates that standard deviation of net farm income is related more or less linearly to size of firm and increases with size at about the same rate as does average net income. A tentative conclusion is drawn that large farms have had a slight tendency to experience less variable rates of return than small farms. However, it is found that farms that have experienced relatively variable returns have tended to enjoy average rates of return above those of other farms of similar size.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jock R. Anderson, 1972. "Risk And Farm Size In The Pastoral Zone," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 16(1), pages 1-10, April.
    • Handle: RePEc:bla:ajarec:v:16:y:1972:i:1:p:1-10
    DOI: j.1467-8489.1972.tb00086.x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1467-8489.1972.tb00086.x
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/j.1467-8489.1972.tb00086.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. I. N. Fisher & G. R. Hall, 1969. "Risk and Corporate Rates of Return," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(1), pages 79-92.
    2. Michael Rothschild & Joseph E. Stiglitz, 1969. "Increasing Risk: A Definition and Its Economic Consequences," Cowles Foundation Discussion Papers 275, Cowles Foundation for Research in Economics, Yale University.
    3. University of Western Australia, 1964. "Farm Policy," Farm Policy, University of Western Australia, Department of Agricultural Economics, vol. 4(3).
    4. Davidson, Bruce Robinson, 1967. "The Comparative Profitability and Efficiency of Agriculture in Different Regions of Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(04), pages 1-28, December.
    5. Chisholm, Anthony H., 1971. "A Comparison Of Income Averaging Procedures For Income Tax Purposes," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 15(01), pages 1-15, April.
    6. Moore, Charles V., 1965. "Income Variability and Farm Size," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 17(4), pages 1-8, October.
    7. Bureau of Agricultural Economics, 1965. "The Australian Sheep Industry Survey 1960-61 to 1962-63," Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Archive 293273, Australian Government, Australian Bureau of Agricultural and Resource Economics and Sciences.
    8. Anthony H. Chisholm, 1971. "A Comparison Of Income Averaging Procedures For Income Tax Purposes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 15(1), pages 36-50, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anderson, Jock R., 1979. "Impacts of Climatic Variability in Australian Agriculture: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(03), pages 1-31, December.
    2. Anderson, Jock R. & Griffiths, William E., 1981. "Production Risk And Input Use: Pastoral Zone Of Eastern Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 1-11, August.
    3. Young, Douglas & Lin, William & Pope, Rulon & Robison, Lindon & Selley, Roger, 1979. "Risk Preferences Of Agricultual Producers:Their Measurement And Use," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271459, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    4. Pardey, Philip G., 1978. "The diffusion of trace element technology: an economic analysis," Faculty and Alumni Dissertations 121798, University of Minnesota, Department of Applied Economics.
    5. Young, Douglas L., 1979. "Risk Preferences Of Agricultural Producers: Their Use In Extension And Research," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278203, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Douglas, Robert A. & Davenport, Scott V., 1995. "A Case for Re-evaluation of Income Averaging for Primary Producers," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(01), pages 1-10, April.
    2. Jock R. Anderson, 1975. "Programming For Efficient Planning Against Non‐Normal Risk," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 19(2), pages 94-107, August.
    3. Wojtek Michalowski & Włodzimierz Ogryczak, 2001. "Extending the MAD portfolio optimization model to incorporate downside risk aversion," Naval Research Logistics (NRL), John Wiley & Sons, vol. 48(3), pages 185-200, April.
    4. Cooper, Joseph C., 2008. "A Revenue-Based Alternative to the Counter-Cyclical Payment Program," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6197, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Manh Cuong Nguyen & Viet Anh Dang & Tri Tri Nguyen, 2023. "The transfer of risk taking along the supply chain," Review of Quantitative Finance and Accounting, Springer, vol. 61(4), pages 1341-1378, November.
    6. Imhof, Michael J. & Seavey, Scott E., 2014. "Corporate risk-taking, firm value and high levels of managerial earnings forecasts," Advances in accounting, Elsevier, vol. 30(2), pages 328-337.
    7. Pavelis, George A., 1983. "FARM CONSERVATION IN THE UNITED STATES Investment and Capital Values, 1935-80," Staff Reports 276767, United States Department of Agriculture, Economic Research Service.
    8. Plessner, Yakir, 1965. "Quadratic programming competitive equilibrium models for the U. S. agricultural sector," ISU General Staff Papers 196501010800004370, Iowa State University, Department of Economics.
    9. Stefan Mann & Klaus Mittenzwei & Franziska Hasselmann, 2013. "The importance of succession on business growth: A case study of family farms in Switzerland and Norway," Journal of Socio-Economics in Agriculture (Until 2015: Yearbook of Socioeconomics in Agriculture), Swiss Society for Agricultural Economics and Rural Sociology, vol. 6(1), pages 109-137.
    10. James V. Koch & Richard J. Cebula, 1994. "In Search Of Excellent Management," Journal of Management Studies, Wiley Blackwell, vol. 31(5), pages 681-699, September.
    11. Luljeta Hajderllari & Kostas Karantininis & Lartey G. Lawson, 2012. "FDI as an Export-Platform: A Gravity Model for the Danish Agri-Food Industry," IFRO Working Paper 2012/7, University of Copenhagen, Department of Food and Resource Economics.
    12. Weiss, C.R., 2000. "Determinanten und Zyklik der Profite im produzierenden Ernährungsgewerbe Deutschlands," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 36.
    13. Forlani, David & Mullins, John W., 2000. "Perceived risks and choices in entrepreneurs' new venture decisions," Journal of Business Venturing, Elsevier, vol. 15(4), pages 305-322, July.
    14. Robert H. Litzenberger & O. Maurice Joy, 1973. "Inter­Industry Profitability Under Uncertainty," Economic Inquiry, Western Economic Association International, vol. 11(3), pages 338-349, September.
    15. Leima Davidovitz & Yoram Kroll, 1999. "Choices in Egalitarian Distribution: Inequality Aversion versus Risk Aversion," STICERD - Distributional Analysis Research Programme Papers 43, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    16. Kamaldeen Ibraheem Nageri & Azeez Tunbosun Lawal & Falilat Ajoke Abdul, 2019. "Risk - Return Relationship: Nigerian Stock Market during Pre and Post 2007-2009 Financial Meltdown," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(2), pages 52-62, June.
    17. Mathias Arrfelt & Michael Mannor & Jennifer D. Nahrgang & Amanda L. Christensen, 2018. "All risk-taking is not the same: examining the competing effects of firm risk-taking with meta-analysis," Review of Managerial Science, Springer, vol. 12(3), pages 621-660, July.
    18. Fung, Derrick W.H. & Lee, Wing Yan & Yang, Charles C. & Yeh, Jason J.H., 2024. "Risk taking, performance, and resilience to the COVID-19 pandemic: Evidence from public property-casualty insurers," International Review of Financial Analysis, Elsevier, vol. 91(C).
    19. Adelina Gschwandtner & Jesus Crespo Cuaresma, 2013. "Explaining the Persistence of Profits: A Time-Varying Approach," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 20(1), pages 39-55, February.
    20. Backeberg, G. R., 1982. "Government Intervention In The Dairy Industry In Perspective," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 21(01), April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajarec:v:16:y:1972:i:1:p:1-10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.