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Analysis Of Rangeland Degradation Using Stochastic Dynamic Programming

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  • Passmore, J.G.
  • Brown, Colin G.

Abstract

Degradation of arid rangeland, and efforts to control that degradation, have become topical issues. However, the inherent characteristics of the rangeland, and the intertemporal nature of the problem, complicate the analysis of degradation issues in the search for more appropriate rangeland policies. Stochastic dynamic programming is examined as one means of allowing for those complexities. Using the case of the Queensland mulga rangelands, optimal stocking rates are shown to rise with lower property sizes, higher discount rates, higher wool prices and declining risk aversion. Importantly, the analysis reveals that a strategy of high stocking rates with the potential for rangeland degradation is an optimal response to the economic and social factors that confront graziers and is not an intertemporal information problem alone.

Suggested Citation

  • Passmore, J.G. & Brown, Colin G., 1991. "Analysis Of Rangeland Degradation Using Stochastic Dynamic Programming," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(02), August.
  • Handle: RePEc:ags:ajaeau:22765
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    File URL: http://purl.umn.edu/22765
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    References listed on IDEAS

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    1. Bardsley, Peter & Harris, Michael, 1987. "An Approach To The Econometric Estimation Of Attitudes To Risk In Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(02), August.
    2. Trapp, James N., 1989. "The Dawning of the Age of Dynamic Theory: Its Implications for Agricultural Economics Research and Teaching," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(01), pages 1-11, July.
    3. I.D. McArthur & John L. Dillon, 1971. "Risk, Utility And Stocking Rate," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 15(1), pages 20-35, April.
    4. Anderson, Jock R. & Griffiths, William E., 1982. "Production Risk And Efficient Allocation Of Resources," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(03), December.
    5. McArthur, I.D. & Dillon, John L., 1971. "Risk, Utility And Stocking Rate," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 15(01), April.
    6. Oscar R. Burt & Ronald G. Cummings, 1977. "Natural Resource Management, the Steady State, and Approximately Optimal Decision Rules," Land Economics, University of Wisconsin Press, vol. 53(1), pages 1-22.
    7. Wang, K. & Lindner, R.K., 1990. "Rehabilitation of Degraded Rangeland Under Optimal Management Decisions," Discussion Papers 232305, University of Western Australia, School of Agricultural and Resource Economics.
    8. Wang, K.M. & Lindner, Robert K., 1990. "Rehabilitation of Degraded Rangeland Under Optimal Management Decisions," 1990 Conference (34th), February 13-15, 1990, Brisbane, Australia 145452, Australian Agricultural and Resource Economics Society.
    9. Trapp, James N., 1989. "The Dawning Of The Age Of Dynamic Theory: Its Implications For Agricultural Economics Research And Teaching," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(01), July.
    10. David A. King & J. A. Sinden, 1988. "Influence of Soil Conservation on Farm Land Values," Land Economics, University of Wisconsin Press, vol. 64(3), pages 242-255.
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    Cited by:

    1. Jeff Bennett, 2005. "Australasian environmental economics: contributions, conflicts and 'cop-outs' ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(3), pages 243-261, September.
    2. Chisholm, Anthony H., 1992. "Australian Agriculture: A Sustainability Story," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(01), April.
    3. Janssen, Marco A. & Anderies, John M. & Walker, Brian H., 2004. "Robust strategies for managing rangelands with multiple stable attractors," Journal of Environmental Economics and Management, Elsevier, vol. 47(1), pages 140-162, January.

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    Keywords

    Land Economics/Use;

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