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LAND TENURE IN THE CYPRESS PINE AREAS OF NORTH‐WESTERN NEW SOUTH WALES

LAND TENURE IN THE CYPRESS PINE AREAS OF NORTH‐WESTERN NEW SOUTH WALES In New South Wales there are one million acres of land bearing cypress pine and held under lease from the government. This land is suitable for the joint production of timber and livestock or for timber production alone. Alternatively, the timber can be harvested to provide capital for property development. Farm management plans have, however, been constrained by the land tenure policy which aims to promote both closer settlement and timber production. In this paper the opportunity costs of the current tenure system are evaluated against the freehold situation. The conditions which favour either specialized timber production or the joint production of timber and livestock are examined. Finally, the cost of achieving a timber production target is examined in terms of loss of income to the individual grazier and the nation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

LAND TENURE IN THE CYPRESS PINE AREAS OF NORTH‐WESTERN NEW SOUTH WALES

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References (1)

Publisher
Wiley
Copyright
Copyright © 1972 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1972.tb00087.x
Publisher site
See Article on Publisher Site

Abstract

In New South Wales there are one million acres of land bearing cypress pine and held under lease from the government. This land is suitable for the joint production of timber and livestock or for timber production alone. Alternatively, the timber can be harvested to provide capital for property development. Farm management plans have, however, been constrained by the land tenure policy which aims to promote both closer settlement and timber production. In this paper the opportunity costs of the current tenure system are evaluated against the freehold situation. The conditions which favour either specialized timber production or the joint production of timber and livestock are examined. Finally, the cost of achieving a timber production target is examined in terms of loss of income to the individual grazier and the nation.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Apr 1, 1972

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