DROUGHT ASSISTANCE POLICY

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.


Issue Date:
1983-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/22745
PURL Identifier:
http://purl.umn.edu/22745
Published in:
Australian Journal of Agricultural Economics, Volume 27, Number 3
Page range:
185-199
Total Pages:
15




 Record created 2017-04-01, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)