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7 of 8 people found the following review helpful:
2.0 out of 5 stars
Fairly comprehensive treatment of one small part of topic,
By Jim Groves (grovesc@winshop.com.au) (Queensland, Australia) - See all my reviews
This review is from: The Farming Game Now (Paperback)
This mis-named book is about nothing other than the application of economic decision-making frameworks to farm management decisions. It says nothing about the context - social, institutional, political, economic, external - of Australian agriculture, nor does it say anything about how to raise animals or grow crops, nor will it help policy analysts in applying social cost-benefit analysis. On the other hand, it is a very comprehensive treatment of its chosen topic, and demonstrates that even techniques of a high level of conceptual sophistication can be applied to practical farm management decisions. The non-treatment of ecological sustainability issues will raise the ire of many - particularly the curtly inappropriate dismissal of agro-forestry. Sustainability issues can be incorporated into the decision-making framework recommended by the authors - indeed, doing so would have aided their message, as long as the discussion of time preference - discounting etc - was also adjusted to recognise the different "discount rates" that should apply to sustainability issues.
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The Farming Game Now by J. P. Makeham (Paperback - March 26, 1993)
Used & New from: $10.00
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