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AGRICULTURAL EXPERIMENTS AND THEIR ECONOMIC SIGNIFICANCE (11) A. G. LLOYD Economics Research Officer New South Wales Department of Agriculture INTRODUCTION This paper discusses what economists want experimenters to do, and why, and criticises existing methods from the economists’ viewpoint. The subject has received very little serious attention outside of North America and practically none, as far as I am aware, in Australia. The exception is a valuable critical survey, by Pearse, of the Department of Agriculture’s experimental work in a large part of Western Austra1ia.l We are concerned in this paper only with certain types of agricul- tural experiments; namely (i) experiments which investigate physical input-output relationships (such as fertiliser, feeding and stocking rates) and (ii) where the technical data alone does not suffice to indicate an optimum. EXPERIMENTS AND FARM MANAGEMENT The purpose of the farm management worker is to plan optimum use of a set of farm resources, given the relevant price data and input- output data. The farmer sees this problem in simpler terms, in the question-“How can I get most net income from my limited land, labour and capital?” He should, and frequently does, think in marginal terms- “Would an extra bag of fertiliser per
The Australian Journal of Agricultural Resource Economics – Wiley
Published: Feb 1, 1958
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