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The effect of drought on uncertainty and agricultural investment in Australia

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Author Info
JOHN MARANGOS
CATHERINE WILLIAMS

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Abstract

Recognizing that uncertainty plays an important role in decision making, it necessarily follows that the effects of the current devastating drought have significantly influenced the operations of primary producers and strongly impacted upon agricultural investment in Australia. The lack of water is heavily affecting rural exports and employment opportunities, and consequently, primary producers are experiencing financial ruin. Global economic uncertainty combined with the long-running drought is gripping rural communities. Understanding the likely effect of climate change on Australia's agricultural production will enable suitable adaptation strategies and government policies to be implemented for the future sustainability and development of the agricultural industry.

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File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=QT17A2HDJK27AXYR
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Publisher Info
Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

Volume (Year): 27 (2005)
Issue (Month): 4 (July)
Pages: 575-594
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:mes:postke:v:27:y:2005:i:4:p:575-594

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

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Related research
Keywords: agriculture; Australia; drought; investment; uncertainty;

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This page was last updated on 2009-12-19.


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