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Agricultural response analysis in a longer term framework

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  • Farquharson, Robert J.
  • Cacho, Oscar J.
  • Turpin, J.E.

Abstract

Issues of long term soil fertility decline and sustainability are becoming more important for cropping industries in Australia. Helping to manage the level of soil fertility in this context is an aim of economic response analysis. This paper reviews the theory and methods used by economists to derive the optimal level of an input to be used in a production process. In particular, response functions generated by a crop simulation model are used as a basis for the analysis. The use of such models is becoming widespread in the research and extension community. A variety of methods are presented, in increasing order of complexity, to account for the real world characteristics of the production environment in this context.

Suggested Citation

  • Farquharson, Robert J. & Cacho, Oscar J. & Turpin, J.E., 2000. "Agricultural response analysis in a longer term framework," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123634, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare00:123634
    DOI: 10.22004/ag.econ.123634
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    1. Nelson, R. A. & Holzworth, D. P. & Hammer, G. L. & Hayman, P. T., 2002. "Infusing the use of seasonal climate forecasting into crop management practice in North East Australia using discussion support software," Agricultural Systems, Elsevier, vol. 74(3), pages 393-414, December.

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