« Back to Publications

Australian Agriculture: the real story

In ‘Australian Agriculture: the real story’, Ben Rees discusses the historic development and application of agricultural policy.

‘Five decades of economies of scale agricultural policy by any common sense measure has failed. The core problem is conflict between two Laws in economics. The first law forms supply and demand theory in contemporary economic models and assumes constant returns to scale. This conflicts with a second well known Law that identifies agriculture as operating under declining returns to scale. Conflict between these two laws has resulted in long term policy failure, unmanageable debt levels, bank foreclosures insolvencies, suicides; and, damaged the social fabric in rural Australia. Political will is required for effective policy change and the restructure of rural industries.’

In ‘Rural Queensland: A Graphical Snapshot’, Rees provides graphs that provide an empirical indicator analysis of economic performance across population, employment, income and income distribution. (This paper is Appendix A from the main paper above).

The TJRyan Foundation does not guarantee the accuracy, currency or completeness of any information or material available on this website. The TJRyan Foundation reserves the right to change information or material on this website at any time without notice. Links from this site to external, non-TJRyan Foundation websites should not be construed as implying any relationship with and/or endorsement of the external site or its content by the TJR Foundation, nor any commercial relationship with the owners of any external site. Should any TJRyan research project be funded by an individual or organisation the source of funding will be stated beside the research report. In all other cases contributions are provided on a pro bono basis.
Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles

This field is for validation purposes and should be left unchanged.