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WOOL’S FUTURE in WESTERN AUSTRALIA and the R&D IMPLICATIONS: A Discussion Paper

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  • Bathgate, Andrew D.
  • Kingwell, Ross S.
  • O'Connell, Michael
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    Abstract

    Sustained low prices for wool have resulted in a prolonged decrease in the profitability of wool production. The extent of the decline has led some farmers to question whether wool has a viable future on their farms. In many regions growers have substantially increased their area of crop and reduced their commitment to wool production. Stock numbers have declined appreciably and there is concern amongst some that the wool industry may not recover. This paper uses Western Australia as a case study for investigating the future of wool. In particular the nature and role of R,D&E in the industry is examined. The success of R,D&E is reviewed and the directions and likely impacts of future R,D&E on farm are discussed.

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    Bibliographic Info

    Paper provided by Australian Agricultural and Resource Economics Society in its series 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand with number 123761.

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    Date of creation: 1999
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    Handle: RePEc:ags:aare99:123761

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    Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
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    Keywords: Livestock Production/Industries;

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    1. Grant M. Scobie & John D. Mullen & Julian M. Alston, 1991. "The Returns To Investment In Research On Australian Wool Production," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 35(2), pages 179-195, 08.
    2. McCarl, Bruce A. & Apland, Jeffrey, 1986. "Validation Of Linear Programming Models," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(02), December.
    3. Bardsley, Peter, 1991. "Wool on the Brink - The Public Cost of Underwriting the Wool Market," 1991 Conference (35th), February 11-14, 1991, Armidale, Australia 145557, Australian Agricultural and Resource Economics Society.
    4. Kennedy, John O.S., 1975. "Using Regression Analysis To Reduce Aggregation Bias In Linear Programming Supply Models," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(01), April.
    5. Richard E. Howitt, 1995. "A Calibration Method For Agricultural Economic Production Models," Journal of Agricultural Economics, Wiley Blackwell, vol. 46(2), pages 147-159.
    6. Julie A. Caswell, 1997. "Rethinking the Role of Government in Agri-Food Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 651-656.
    7. McCarl, Bruce A., 1984. "Model Validation: An Overview with some Emphasis on Risk Models," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 52(03), December.
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