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Drought Assistance Policy

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  • John W. Freebairn

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.
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Suggested Citation

  • John W. Freebairn, 1983. "Drought Assistance Policy," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 27(3), pages 185-199, December.
  • Handle: RePEc:bla:ajarec:v:27:y:1983:i:3:p:185-199
    DOI: j.1467-8489.1983.tb00424.x
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    References listed on IDEAS

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    1. 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.
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    5. Buffier, B.D. & Freebairn, John W., 1975. "Response Function Estimates For Lot Fed Beef," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(01), pages 1-12, March.
    6. 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.
    7. Kennedy, John O.S. & Rofe, B.H. & Greig, I.D. & Hardaker, J. Brian, 1976. "Optimal Feeding Policies For Broiler Production: An Application Of Dynamic Programming," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(1), pages 1-14, April.
    8. 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.
    9. John W. Freebairn, 1978. "Pros And Cons Of Temporary Industry Assistance," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 194-205, 08-12.
    10. Richardson, Robert A. & O'Connor, J.G., 1978. "Changes in the Structure of Supply Response in the Australian Pig Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(03), pages 1-18, December.
    11. Lloyd, Peter J., 1975. "Tariff Compensation: An Undesirable Policy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(3), pages 1-8, December.
    12. Campbell, Keith O., 1966. "Problems Of Adaptation Of Pastoral Businesses In The Arid Zone," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 10(1), pages 1-13, June.
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    Cited by:

    1. 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.
    2. 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.
    3. Productivity Commission, 2009. "Government Drought Support," Inquiry Reports, Productivity Commission, Government of Australia, number 46.
    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. Glyn Wittwer & Marnie Griffith, 2011. "Modelling drought and recovery in the southern Murray‚ÄźDarling basin," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(3), pages 342-359, July.
    6. 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.
    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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