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Punting Lamb


  • Jackson, T.
  • Malcolm, Bill


We present in clear, readable terms how to understand the risky aspects of a ewe purchase decision. Expected lamb prices in the future are an important driver of ewe prices now. We derive easy methods of determining the relationship between future lamb prices and current ewe prices. This lends to an evaluation of rules of thumb showing that the 'bet' and the 'odds' are keys to good investment.

Suggested Citation

  • Jackson, T. & Malcolm, Bill, 2011. "Punting Lamb," AFBM Journal, Australasian Farm Business Management Network, vol. 8(1).
  • Handle: RePEc:ags:afbmau:120910

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    References listed on IDEAS

    1. Malcolm, Bill, 2004. "Farm Management analysis: a core discipline, simple sums, sophisticated thinking," AFBM Journal, Australasian Farm Business Management Network, vol. 1.
    2. Dillon, John L., 1962. "Applications Of Game Theory In Agricultural Economics: Review And Requiem," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 6(02), December.
    3. Lewis, Jack N., 1985. "Origins and Early Days of the Department," Agricultural Economics in Australia 234891, University of New England (Australia).
    4. Jean-Paul Chavas & Robert G. Chambers & Rulon D. Pope, 2010. "Production Economics and Farm Management: a Century of Contributions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(2), pages 356-375.
    5. Kingwell, Ross S., 2002. "Issues for Farm Management in the 21st Century: A view from the West," 2002 Conference (46th), February 13-15, 2002, Canberra 173982, Australian Agricultural and Resource Economics Society.
    6. Phillips, Joseph M, 1994. "Farmer Education and Farmer Efficiency: A Meta-Analysis," Economic Development and Cultural Change, University of Chicago Press, vol. 43(1), pages 149-165, October.
    7. Charry, Al A. & Cox, Rodney J. & Parton, Kevin A. & Crockett, Judith & Johnson, Sue & Bone, Zelma & Whiteley, Wal, 2003. "Farm Management in Australia: The Way Forward," 14th Congress, Perth, Western Australia, August 10-15, 2003 24358, International Farm Management Association.
    8. Kingwell, Ross, 2002. "Issues for Farm Management in the 21st Century: A view from the West," Australasian Agribusiness Review, University of Melbourne, Melbourne School of Land and Environment, vol. 10.
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    More about this item


    ewe prices; lamb prices; purchase; risk; Farm Management;


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