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Catalogue: GRDC Updates
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 world-wide, 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... The research examines available financial data for broadacre farms in Australia, to ascertain the extent to which farm managers and their business advisors have been able to successfully manage volatility in their business decisions... Australian farm businesses compete with businesses in other sectors of the Australian economy for capital, and human and natural resources it is useful to consider the volatility of the agriculture sector relative to those other sectors of the economy, and also to identify whether the relative volatility of the agriculture sector has changed over time...
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