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Drought special edition: introductory comments

Drought special edition: introductory comments Drought, its impact on Australian farms, and the policy response has long been a topic of interest to authors and readers of this journal (e.g. Dillon and Lloyd ; Freebairn ). Contributions have illustrated that agricultural firms can cope with periods of drought, given sufficient thoughtfulness and planning. This is not to deny the negative impacts of drought on individuals and farm businesses, and hence policy responses that typically have subsidised inputs during periods of drought. Collectively, these contributions have focussed on the efficacy of government policies.This special edition continues that tradition by considering the implications of drought and also reviewing policy options. The four papers deploy differing empirical techniques and analyse the behavioural responses of farmers in different contexts. Overall, the papers reiterate the importance of considering drought as a norm, rather than presenting it as an extraordinary occurrence, an approach likely to be increasingly important given predictions of greater climate variability in the future.Ross Kingwell and Vilaphonh Xayavong focus on a subset of farm businesses in Western Australia. Their study takes advantage of a novel dataset that traces the impact of drought on farm financial performance over a number of years. This includes data that describe postdrought http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

Drought special edition: introductory comments

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References (6)

Publisher
Wiley
Copyright
Copyright © 2017 Australian Agricultural and Resource Economics Society Inc.
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/1467-8489.12219
Publisher site
See Article on Publisher Site

Abstract

Drought, its impact on Australian farms, and the policy response has long been a topic of interest to authors and readers of this journal (e.g. Dillon and Lloyd ; Freebairn ). Contributions have illustrated that agricultural firms can cope with periods of drought, given sufficient thoughtfulness and planning. This is not to deny the negative impacts of drought on individuals and farm businesses, and hence policy responses that typically have subsidised inputs during periods of drought. Collectively, these contributions have focussed on the efficacy of government policies.This special edition continues that tradition by considering the implications of drought and also reviewing policy options. The four papers deploy differing empirical techniques and analyse the behavioural responses of farmers in different contexts. Overall, the papers reiterate the importance of considering drought as a norm, rather than presenting it as an extraordinary occurrence, an approach likely to be increasingly important given predictions of greater climate variability in the future.Ross Kingwell and Vilaphonh Xayavong focus on a subset of farm businesses in Western Australia. Their study takes advantage of a novel dataset that traces the impact of drought on farm financial performance over a number of years. This includes data that describe postdrought

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Jul 1, 2017

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