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Title: The responsiveness of Australian farm performance to changes in irrigation water use and trade
Authors: Bell, Rosalyn
Gali, Jyothi
Gretton, Paul
Redmond, Ineke
Keywords: farm performance
water trade
price elasticity
Issue Date: 2007
Series/Report no.: Conference Paper
Abstract: The flexibility of farms to respond to changing economic or environmental conditions has received attention in recent years, particularly in the context of changes in the availability and pricing of irrigation water. This study uses a new unit record data set of Australian farms and a generalised profit-function framework to assess the links between farm performance and water use practices, involvement in water trading and other farm characteristics. Amongst other findings, the study provides experimental estimates of the responsiveness of the demand for irrigation water to price changes and the impact of farmers either buying or selling water on farm profits, after controlling for other factors.
Institution/Association: Australian Agricultural and Resource Economics Society - 2007>2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand
Total Pages: 33
Language: English
Collections:2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand

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