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Agricultural land retirement: lessons from an Australian case study

journal contribution
posted on 2003-01-01, 00:00 authored by I Fraser, Phillip Hone
In this paper, we analyse the case for agricultural land retirement in Australia. For the case study considered, using defined criteria, we demonstrate that land retirement is an effective policy option. This finding depends crucially on the magnitude and sign of the price effect resulting from a fall in wool production because of agricultural land retirement. Uniquely in the literature, we argue that the price effect will positively contribute to a benefit–cost analysis of agricultural land retirement. We detail the necessary conditions that need to prevail for this to occur. We also explain why the expected benefits of land-use change are fewer than might be expected in the case study.

History

Journal

Land use policy

Volume

20

Issue

1

Pagination

61 - 72

Publisher

Pergamon

Location

Guildford, Surrey

ISSN

0264-8377

eISSN

1873-5754

Language

eng

Notes

Available online 18 December 2002

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2003, Elsevier Science Ltd.

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