Agricultural land retirement: lessons from an Australian case study

Fraser, Iain and Hone, Phillip 2003, Agricultural land retirement: lessons from an Australian case study, Land use policy, vol. 20, no. 1, pp. 61-72, doi: 10.1016/S0264-8377(02)00050-9.

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Title Agricultural land retirement: lessons from an Australian case study
Author(s) Fraser, Iain
Hone, Phillip
Journal name Land use policy
Volume number 20
Issue number 1
Start page 61
End page 72
Publisher Pergamon
Place of publication Guildford, Surrey
Publication date 2003-01
ISSN 0264-8377
Keyword(s) land retirement
price effect
Summary 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.
Notes Available online 18 December 2002
Language eng
DOI 10.1016/S0264-8377(02)00050-9
Field of Research 140201 Agricultural Economics
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2003, Elsevier Science Ltd.
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