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Risk And Farm Size In The Pastoral Zone

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  • 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.
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  • 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
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    1. 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.
    2. 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.
    3. 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.
    4. 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(1), pages 1-15, April.
    5. 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.
    6. 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.
    7. 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.
    8. University of Western Australia, 1964. "Farm Policy," Farm Policy, University of Western Australia, Department of Agricultural Economics, vol. 4(3).
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    Cited by:

    1. 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.
    2. 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).
    3. 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.
    4. 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.
    5. 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.

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