FARML AND AS A BUSINESS ASSET

This paper looks at the market value of farmland in the UK, and the problems of measuring it. The recent movement in farmland values is examined along with the variables which determine these values. Changing patterns of farmland ownership are surveyed in the context of the total balance sheet of British agriculture. Balance sheet values are related to each other and to the income returns on them, and farmland is discussed in terms of opportunity costs, or alternative economic uses to which it may be put.     

AN APPROACH TO THE ECONOMETRIC ESTIMATION OF ATTITUDES TO RISK IN AGRICULTURE: COMMENT

Bardsley and Harris (1987) test empirically the effects of changes In deterministic wealth and random income on the measure partial risk aversion. The paper, which is otherwise well written, failed to impose the relationship between the two effects and estimated them independently. Consequently, inconsistent estimates were derived for the elasticities of the measure of partial risk aversion with respect to wealth and to income. The purpose of this comment is to derive that relationship theoretically and to point out the resulting inconsistencies in the original paper.     

COMPARATIVE ANALYSIS INFORMATION AS AN AID TO DECISION MAKING

Many farmer service institutions have provided a comparative analysis service to their clients. The generally accepted rationale is that comparative analysis reports aid the farmer-manager in identifying problematic areas with respect to his operation.
This study provides a quantitative analysis of the potential usefulness of comparative analysis reports to participating farmers. A simulation model is utilized as the testing vehicle.
Plusieurs institutions ďaide aux agriculteurs out offert un service ďanalyses comparatives de régistres, à ses clients. Ľapprobation générate el rationnelle est basée sur Ľaide que procure les rapports ďanalyses comparatives aux producteurs, à identifier les secteurs problématiques ďopération.
Cette étude procure line analyse quantitative de potentiel ďutilité, des analyses comparatives de rapports de gestion, en vertu des exploitations agricoles. Un model de simulation est utilise comme méthode de verification.