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BOUNTIES FOR FERTILIZERS

BOUNTIES FOR FERTILIZERS Bounty payments on fertilizers have rapidly emerged as a major form of assistance to Australian agriculture. They have been justified as a way of reducing costs and increasing productivity, though economic theory and experience from agricultural production studies suggest that they achieve these objectives inefficiently. The bounties are directed towards making acres more productive, which should in turn make farmers more productive. It is suggested that greater economic welfare would result from tackling the problem the other way round. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

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Publisher
Wiley
Copyright
Copyright © 1967 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1967.tb00034.x
Publisher site
See Article on Publisher Site

Abstract

Bounty payments on fertilizers have rapidly emerged as a major form of assistance to Australian agriculture. They have been justified as a way of reducing costs and increasing productivity, though economic theory and experience from agricultural production studies suggest that they achieve these objectives inefficiently. The bounties are directed towards making acres more productive, which should in turn make farmers more productive. It is suggested that greater economic welfare would result from tackling the problem the other way round.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Dec 1, 1967

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