Premium
The Australian Wool Crisis: Farm Adjustment Pressures and Strategies
Author(s) -
WAITT GORDON,
DEANE WILLIAM
Publication year - 1994
Publication title -
new zealand geographer
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.335
H-Index - 25
eISSN - 1745-7939
pISSN - 0028-8144
DOI - 10.1111/j.1745-7939.1994.tb00415.x
Subject(s) - wool , diversification (marketing strategy) , agriculture , production (economics) , agricultural economics , business , geography , economics , archaeology , marketing , macroeconomics
Farm adjustment has resulted from the present crisis of production within the Australian agricultural sector. Farm adjustment pressures of the wool growers of the Southern Tablelands of New South Wales are outlined. The primary management strategies adopted by the wool producers are identified. Three farm adjustment strategies were noted; extensification, diversification and expansion. Choice of farm strategy was dependent on the characteristics of both the individual farm and farmer.