Pannell Discussions are brief pieces on issues and ideas in economics, science, the environment, natural resource management, politics, agriculture and whatever else.
All Pannell discussions can be found at: www.pannelldiscussions.net
The latest Pannell discussions:
413. Diversification to reduce risk
Diversification is one of the most effective and widely used ways to reduce risk. There are many opportunities to diversify in agriculture. Diversification means doing a combination of different business activities, rather than just one. It’s about not having all of your eggs in one basket. Diversification can be attractive.
412. Risk aversion and fertiliser decisions
This Pannell Discussions is about risk aversion and its influence on strategic decisions about the optimal rate of a fertiliser to apply, particularly nitrogen fertiliser.
411. Benefit-Cost Analysis decision criteria
The question of whether to use Benefit: Cost Ratio or Net Present Value or Internal Rate of Return is “a world of confusion,” because textbooks.