Previous Supply Elasticity Estimates For Australian Broadacre Agriculture Garry Griffith Meat, Dairy and Intensive Livestock Products Program, NSW Agriculture, Armidale Kym I’Anson Previously with the Industry Economics Sub-program, Cooperative Research Centre for the Cattle and Beef Industry, Armidale Debbie Hill Previously with the Industry Economics Sub-program, Cooperative Research Centre for the Cattle and Beef Industry, Armidale David Vere Pastures and Rangelands Program, NSW Agriculture, Orange Economic Research Report No. 6 August 2001 ii © NSW Agriculture 2001 This publication is copyright. Except as permitted under the Copyright Act 1968, no part of the publication may be reproduced by any process, electronic or otherwise, without the specific written permission of the copyright owner. Neither may information be stored electronically in any way whatever without such permission. ISSN 1442-9764 ISBN 0 7347 1263 4 Senior Author's Contact: Dr Garry Griffith, NSW Agriculture, Beef Industry Centre, University of New England, Armidale, 2351. Telephone: (02) 6770 1826 Facsimile: (02) 6770 1830 Email:
[email protected] Citation: Griffith, G.R., I'Anson, K., Hill, D.J. and Vere, D.T. (2001), Previous Supply Elasticity Estimates for Australian Broadacre Agriculture, Economic Research Report No. 6, NSW Agriculture, Orange. iii Previous Supply Elasticity Estimates For Australian Broadacre Agriculture Table of Contents Page List of Tables…………………………………………………………………………………iv Acknowledgements…………………………………………………………………………...v Acronyms and Abbreviations Used in the Report…………………………………………..v Executive Summary………………………………………………………………………….vi 1. Introduction………………………………………………………………………………...1 2. Previous Supply Elasticity Studies……………………………………………………….. 4 2.1 Background………………………………………………………………………..4 2.2 Econometric Studies………………………………………………………………5 2.3 Programming Studies……………………………………………………………..8 3. Comparison and Evaluation of Previous Supply Elasticity Estimates………………….11 4.