Managing farm-related land use conflict in NSW

FPJ1801 – Thomas, S & Heath, R (2021), Total Factor Productivity should not be the sole measure of industry performance: Observations from the Australian sheep industry

Published 13 Apr 2021

Industry performance measures are vital indicators for understanding return on industry investment, judging appropriate levels of government and other public support and how industries contribute to economic health and wellbeing. Total Factor Productivity (TFP) is a standard measure of industry performance which describes a ratio of all outputs relevant to…

FPJ1801 – O’Donnell, C (2021), Measuring and explaining changes in productivity

Published 13 Apr 2021

Policy-makers often talk about the need to increase productivity. What many fail to understand is that higher productivity is often associated with lower profits. This lack of understanding can lead to poor policy-making. To help remedy this situation, this paper begins by defining exactly what economists mean by the term…

FPJ1801 – Malcolm, B (2021), Structural change and new ideas to improve farm performance

Published 13 Apr 2021

Agriculture in Australia has more risk than any other agricultural sector in the world and is also riskier than other economic activity in this country. Success in farming in Australia is influenced strongly by events and forces and policies that are beyond prior experience, expectation or imagination. Profit of many…

Managing farm-related land use conflict in NSW