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Some Aspects Of Income Stabilization For Primary Producers

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  • Houck, James P.

Abstract

The objectives of this paper are two-fold. The first is to discuss the basic economics of an aggregate industry income stabilization policy for primary producers. The second is to examine post-World War II income instability in Australian wool, wheat, and beef and to apportion it into its price and output components. This analysis provides a basis for discussing income stabilization in the Australian context.

Suggested Citation

  • Houck, James P., 1973. "Some Aspects Of Income Stabilization For Primary Producers," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 17(3), pages 1-16, December.
    • Handle: RePEc:ags:ajaeau:22322
    DOI: 10.22004/ag.econ.22322
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    File URL: https://ageconsearch.umn.edu/record/22322/files/17030200.pdf
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    References listed on IDEAS

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    1. Campbell, Keith O., 1958. "The Challenge Of Production Instability In Australian Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 2(01), pages 1-21.
    2. Powell, Alan A., 1960. "Production And Income Uncertainty In The Wool Industry: An Aggregative Approach," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 4(01), pages 1-11, July.
    3. Keith O. Campbell, 1971. "A Wheat Policy For The Seventies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 15(1), pages 51-56, April.
    4. Clement A. Tisdell, 1972. "Some Circumstances In Which Price Stabilization By The Wool Commission Reduces Incomes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 16(2), pages 94-101, August.
    5. Arthur S. Goldberger, 1970. "On the Statistical Analysis of Identities: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 52(1), pages 154-155.
    6. T.E. Glau, 1970. "The Commonwealth Drought Bond," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 14(2), pages 121-130, December.
    7. Benton F. Massell, 1969. "Price Stabilization and Welfare," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(2), pages 284-298.
    8. John W. Longworth, 1967. "The Stabilization And Distribution Effects Of The Australian Wheat Industry Stabilization Scheme," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 20-35, June.
    9. Keith O. Campbell, 1958. "The Challenge Of Production Instability In Australian Agriculture," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 2(1), pages 3-23, February.
    10. Anonymous, 1964. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 18(1), pages 175-187, January.
    11. Longworth, John W., 1967. "The Stabilization And Distribution Effects Of The Australian Wheat Industry Stabilization Scheme," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(01), pages 1-16, June.
    12. Anonymous, 1964. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 18(4), pages 846-854, October.
    13. Anonymous, 1964. "International Bank for Reconstruction and Development," International Organization, Cambridge University Press, vol. 18(3), pages 604-616, July.
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    Cited by:

    1. John C. Quiggin & Jock R. Anderson, 1979. "Stabilisation And Risk Reduction In Australian Agriculture," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 23(3), pages 191-206, December.
    2. Veeman, M.M. & Veeman, T.S. & Dong, X.Y., 1989. "Market Share Competition in World Wheat Markets," Project Report Series 232074, University of Alberta, Department of Resource Economics and Environmental Sociology.
    3. Alston, Julian M. & Freebairn, John W., 1988. "Producer Price Equalization," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-34, December.
    4. de Boer, A.J., 1977. "Rural Product Promotion: Economic Aspects Of Promotability, Organization And Public Assistance," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), pages 1-25, December.
    5. Jackson, Brenda, 1979. "Interpretation of Cost-Price Ratios," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(02), pages 1-11, August.
    6. Bilotto, Franco & Recavarren, Paulo & Vibart, Ronaldo & Machado, Claudio F., 2019. "Backgrounding strategy effects on farm productivity, profitability and greenhouse gas emissions of cow-calf systems in the Flooding Pampas of Argentina," Agricultural Systems, Elsevier, vol. 176(C).
    7. Piggott, Roley R., 1978. "Decomposing The Variance Of Gross Revenue Into Demand And Supply Components," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 1-13, August.

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