The influences of the Uruguay round of GATT on prices for farmers in the north-eastern
wheatbelt of Westem Australia were identified. A MIDAS model for the north-eastern
Wheatbelt Was used to analyse the effect of these changes on farm profitability and on
the profit maximising enterprise mix for these farms. Limited change in the enterprise
mix ts predicted as a result of GATT but significant increases in net returns are
expected.
