Wheat in 1984
AbstractIn many respects, the Australian wheat industry is unusual. It is extensively regulated in all its activities beyond the farm-gate, yet the overall effect of Government regulation since 1948 has been to reduce the incomes of wheatgrowers (Longworth and Knopke 1982). The partial equilibrium analysis on which this conclusion rests is based on comparisons of observed wheat prices with an "otherwise" free market with wheatgrowers receiving world prices for their output. Essentially, the losses have occurred because the domestic price has often been below the world price, especially at times of high world prices. Although all producers have shared in the attendant income transfers according to their proportionate contribution to output, the incidence of losses brought about by distorted price relationships is more complex as it depends upon regional and farm-specific comparative advantages in wheat production. Wheatgrowers who can adjust production more easily between wheat, other grains and livestock products suffer less than those with production plans that are less responsive to changes in relative prices. Moreover, because of variations in yields, there have been random effects on farm incomes occasioned by intervention in prices. A detailed study of the systematic influences of regulation on the distribution of income within the wheat industry might go part of the way towards explaining some of the interstate, size-related and other conflicts that exist within wheatgrowing organizations but that is beyond the scope of this paper.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.
Volume (Year): 52 (1984)
Issue (Month): 02 (August)
Contact details of provider:
Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
Phone: 0409 032 338
Web page: http://www.aares.info/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Carter, Colin A. & Wilson, William W., 1997. "Emerging differences in state grain trading: Australia and Canada," Agricultural Economics, Blackwell, vol. 16(2), pages 87-98, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.