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Using a Spatial Farm Microsimulation Model for Australia to Estimate the Impact of an External Shock on Farmer Incomes

In: Statistics for Data Science and Policy Analysis

Author

Listed:
  • Yogi Vidyattama

    (University of Canberra, National Centre for Social and Economic Modelling (NATSEM))

  • Robert Tanton

    (University of Canberra, National Centre for Social and Economic Modelling (NATSEM))

Abstract

A greater uncertainty in climate conditions in Australia and external price shocks in commodity prices has posed a real question for communities on the impact of these external factors on farmers. Spatial microsimulation models are ideal for understanding the spatial impacts of various external shocks, including changes in commodity prices; changes in climate conditions; and changes in Government policy. This study demonstrates the building of a spatial microsimulation model to identify farmer financial stress in the Australian State of Victoria, and then shows how this model can be used to estimate the impact of an external shock such as a drop in the price of milk. The model is estimated for the Australian State of Victoria.

Suggested Citation

  • Yogi Vidyattama & Robert Tanton, 2020. "Using a Spatial Farm Microsimulation Model for Australia to Estimate the Impact of an External Shock on Farmer Incomes," Springer Books, in: Azizur Rahman (ed.), Statistics for Data Science and Policy Analysis, chapter 0, pages 283-304, Springer.
  • Handle: RePEc:spr:sprchp:978-981-15-1735-8_21
    DOI: 10.1007/978-981-15-1735-8_21
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