@article{Kingwell:161918,
      recid = {161918},
      author = {Kingwell, Ross S. and Farré, Imma},
      title = {Climate change impacts on investment in crop sowing  machinery},
      journal = {Australian Journal of Agricultural and Resource Economics},
      address = {2009},
      number = {428-2016-27884},
      pages = {20},
      year = {2009},
      abstract = {A model of investment in crop sowing machinery is applied  to wheat production
under current and projected climatic  conditions at several locations in south-western
Australia.  The model includes yield responses to time of sowing at  each location given
current and projected climatic  conditions. These yield relationships are based on
wheat  growth simulation modelling that in turn draws on data from  a down-scaled
global circulation model. Wheat price  distributions and cost of production data at
each location,  in combination with the time of sowing yield relationships  are used to
determine a farmer’s optimal investment in crop  sowing work rate under each climate
regime. The key finding  is that the impacts of climate change on profit  distributions
are often marked, yet mostly modest changes  in investment in work rate form part of
the  profit-maximising response to climate change. The  investment response at high
versus low rainfall locations  mostly involves increases and decreases in work  rates,
respectively. However, changes to investment in work  rate within a broadly similar
rainfall region are not  always uniform. The impacts of climate change on  investments
in work rate at a particular location are shown  to require knowledge of several factors,
especially how  climate change alters the pattern of yield response to the  time of sowing
at that location.},
      url = {http://ageconsearch.umn.edu/record/161918},
      doi = {https://doi.org/10.22004/ag.econ.161918},
}