Grain farmers in Australia (and most other places) make relatively little use of market mechanisms to reduce (“hedge”) price risk. Why is that? Two methods

I put out the first Pannell Discussion on 24 May 2004 so I’ve now been writing them for 20 years.  My main aim was to

There is a well-documented trend for people to neglect downside risks when developing and evaluating a new project. This is part of a general tendency

When considering whether to adopt a new farming practice, there are various aspects of the practice that farmers would like to learn about. One of