FPJ0901 - Keogh, M, Including risk in enterprise decisions in Australia's riskiest businesses
Keogh, M, Including risk in enterprise decisions in Australia's riskiest businesses, Farm Policy Journal Vol9 No4 pp 11-21, Australian Farm Institute, Sydney
This study uses measures of revenue volatility to make comparisons between the business environments experienced by Australian and international farm businesses, and also between Australian farm businesses and businesses in other sectors of the Australian economy. The results indicate that Australian farm business managers operate in a more volatile business environment than is the case for virtually all national agriculture sectors worldwide, and also that businesses involved in Australian agriculture experience more than twice the level of volatility on average of businesses in other sectors of the Australian economy. These findings highlight the importance of risk management for Australian farm businesses, and also the differences between agricultural and non-agricultural businesses, and therefore the need for different approaches to business management within different sectors.
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Farm Policy Journal, Vol. 8, Number 3, Spring 2011, A private future for food and fibre quality, Australian Farm Institute, 76 pp
ISSN: 1449-2210 (print), 1449-8812 (online)
Historically, public authorities specified safety and quality standards for agricultural products, and provided reassurance to consumers that products were safe. Increasing consumer demands and the rise of food and fibre brands, and retailer brands have led to the development of private quality and safety standards. These private standards are a form of risk management for food and fibre brands, and retailers; but also create barriers to entry and exit for farmers supplying these brands and retailers. The Spring 2011 Farm Policy Journal sheds light on the pros and cons for the farming sector of these new trends – analysing impacts on domestic and international trade and economics. The Journal also provides useful tools for upgrading your knowledge of this topic, including a lexicon, and case studies from China and South-East Asia.
Keogh, M, Food security, food reality and Australian agriculture opportunity, Farm Policy Journal, Vol8 N4, Summer 2011, pp 1-6
As recently as five years ago, food security was a term used in discussions about the food supply situation in drought stricken and impoverished developing nations, often as not run by a despotic dictator. More recently, however, food security has emerged as a major policy issue in developed nations such as Australia. Unfortunately, much of the discussion about the issue is misinformed, and some of the proposed ‘solutions’ are likely to make global food security worse, rather than better. While global food insecurity represents a significant opportunity for Australian agriculture, it will require considerable effort by industry participants to secure that opportunity. Those efforts will be more likely to succeed if Australian governments undertake policy reforms in a range of areas including agricultural innovation, agricultural trade, regulation efficiency and market transparency.