Contents -Autumn (May) 2004

From the Editors

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Activity Gross Margins and Water Reform

Robert Douglas, Gavan Dwyer and Deborah Peterson

Productivity Commission

Gross margins can be of some use when comparing the short term gross returns and variable costs of similar farming activities, or when comparing similar production options. However, gross margins have serious limitations when used for deciding the merits of changing farming enterprises over the longer term e.g. for water reform.

Editors