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Drought Assistance Policy

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  • Freebairn, John W.

Abstract

Droughts are a feature of the Australian agricultural scene. Most farmers develop successful strategies to grapple with drought. The purchased fodder and interest rate subsidies used in the 1982-83 drought are analysed. As partial input subsidies, they had serious flaws in meeting goals of efficiency, equity and welfare support. Alternative policies to provide incentives for rational private decision making and to provide direct welfare support are discussed and advocated as a preferable approach to future droughts.

Suggested Citation

  • Freebairn, John W., 1983. "Drought Assistance Policy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 27(3), pages 1-15, December.
    • Handle: RePEc:ags:ajaeau:22745
    DOI: 10.22004/ag.econ.22745
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    File URL: http://ageconsearch.umn.edu/record/22745/files/27030185.pdf
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    References listed on IDEAS

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    1. Anderson, Jock R., 1979. "Impacts of Climatic Variability in Australian Agriculture: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(03), pages 1-31, December.
    2. Toft, H.I. & O'Hanlon, P.W., 1979. "A Dynamic Programming Model for On-Farm Decision Making in a Drought," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(01), pages 1-12, April.
    3. Dillon, John L. & Lloyd, Alan G., 1962. "Inventory Analysis Of Drought Reserves For Queensland Graziers: Some Empirical Analytics," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 6(1), pages 1-18, September.
    4. Thatcher, L.P. & Lloyd, Alan G., 1975. "Least-Cost Feed Reserve Using Drought Probabilities Derived From A Grazing Model," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(03), pages 1-13, September.
    5. Vincent, David P., 1976. "Economic Aspects Of Farm Poverty," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 1-16, August.
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    8. Yerby, Wayne O'Neil, 1977. "A review of institutional agricultural credit in Ghana with special reference to loan repayment problems," ISU General Staff Papers 1977010108000018135, Iowa State University, Department of Economics.
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    10. Valentine, T J, 1973. "The Loan Supply Function of Australian Trading Banks: An Empirical Analysis," Australian Economic Papers, Wiley Blackwell, vol. 12(20), pages 57-69, June.
    11. Freebairn, John W., 1978. "Pros And Cons Of Temporary Industry Assistance," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 1-12, August.
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    Cited by:

    1. Malcolm, Bill, 1994. "Australian Agricultural Policy Since 1992: New Emphases, Old Imperatives," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 62(02), pages 1-23, August.
    2. Productivity Commission, 2009. "Government Drought Support," Inquiry Reports, Productivity Commission, Government of Australia, number 46.
    3. Wittwer, Glyn & Griffith, Marnie, 2011. "Modelling drought and recovery in the southern Murray-Darling basin," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(3), pages 1-18, September.
    4. Becker, N., 1999. "A comparative analysis of water price support versus drought compensation scheme," Agricultural Economics, Blackwell, vol. 21(1), pages 81-92, August.
    5. Patrlck, George F., 1988. "Mallee Wheat Farmers' Demand For Crop And Rainfall Insurance," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 32(1), pages 1-13, April.
    6. Lin Crase & Bethany Cooper, 2017. "The Political Economy of Drought: Legacy and Lessons from Australia's Millennium Drought," Economic Papers, The Economic Society of Australia, vol. 36(3), pages 289-299, September.
    7. Chisholm, Anthony H., 1992. "Australian Agriculture: A Sustainability Story," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(1), pages 1-29, April.
    8. Ta Nhat Linh & Hoang Thanh Long & Le Van Chi & Le Thanh Tam & Philippe Lebailly, 2019. "Access to Rural Credit Markets in Developing Countries, the Case of Vietnam: A Literature Review," Sustainability, MDPI, Open Access Journal, vol. 11(5), pages 1-18, March.

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    Keywords

    Risk and Uncertainty;

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