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The Commonwealth Drought Bond

Author

Listed:
  • Glau, T.E.

Abstract

The operation of the drought-bond scheme is described. A special tax concession for primary producers substantially increases the yield after tax on these bonds. The expected yield is calculated for representative marginal tax rates and probabilities of drought. Some deficiencies of the present scheme are discussed and proposals are made which overcome efficiency and equity criticisms.

Suggested Citation

  • Glau, T.E., 1970. "The Commonwealth Drought Bond," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 14(2), pages 1-10, December.
    • Handle: RePEc:ags:ajaeau:22411
    DOI: 10.22004/ag.econ.22411
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    File URL: https://ageconsearch.umn.edu/record/22411/files/14020121.pdf
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    Cited by:

    1. 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

    Risk and Uncertainty;

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