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AUSTRALIAN AGRICULTURAL ECONOMICS SOCIETY AWARDS 1982

AUSTRALIAN AGRICULTURAL ECONOMICS SOCIETY AWARDS 1982 Government intervention in the Australian wheat industry has come under scrutiny on several occasions since the first wheat stabilisation plan began in 1948. Yet in the 30 crop years that followed 1948-49, only minor modifications were made to the form of government intervention in the industry. During that time, pricing arrangements consisted of an Australian Wheat Board (AWB) monopoly over wheat marketing, a two- price scheme operating between domestic and export markets and a government-guaranteed buffer fund on export sales. This set of policies is here referred to collectively as the ‘historical scheme’. In 1979 a significant departure was made from the historical scheme. The ‘current scheme’, which began operating in the 1979-80 crop year and continues through 1983-84, maintains the AWB monopoly over marketing but features a new method of setting domestic prices. Further- more, the buffer fund on export sales was replaced by a government- guaranteed minimum price. Debate on the effects of the current scheme continues and a decision to extend or change the scheme will be made some time in 1984. In view of the importance of wheat in the Australian rural economy and the prominent role of government intervention in the industry, there were http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

AUSTRALIAN AGRICULTURAL ECONOMICS SOCIETY AWARDS 1982

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Publisher
Wiley
Copyright
Copyright © 1983 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1983.tb00638.x
Publisher site
See Article on Publisher Site

Abstract

Government intervention in the Australian wheat industry has come under scrutiny on several occasions since the first wheat stabilisation plan began in 1948. Yet in the 30 crop years that followed 1948-49, only minor modifications were made to the form of government intervention in the industry. During that time, pricing arrangements consisted of an Australian Wheat Board (AWB) monopoly over wheat marketing, a two- price scheme operating between domestic and export markets and a government-guaranteed buffer fund on export sales. This set of policies is here referred to collectively as the ‘historical scheme’. In 1979 a significant departure was made from the historical scheme. The ‘current scheme’, which began operating in the 1979-80 crop year and continues through 1983-84, maintains the AWB monopoly over marketing but features a new method of setting domestic prices. Further- more, the buffer fund on export sales was replaced by a government- guaranteed minimum price. Debate on the effects of the current scheme continues and a decision to extend or change the scheme will be made some time in 1984. In view of the importance of wheat in the Australian rural economy and the prominent role of government intervention in the industry, there were

Journal

The Australian Journal of Agricultural Resource Economics – Wiley

Published: Aug 1, 1983

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