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AREC3005 Practice Questions - Final Exam
Question x. (total of 20 marks): The severity and the frequency of droughts in Australia has
been increasing. In fact, the recent drought across the south-eastern regions of Australia
occurred soon after the Millennium Drought. As a result, policy debate has intensified in this
area. The following is a quote from The National Framer’s Federation that refers to drought in
the Australian context:
“Adaptable farm business management has proved the most successful way of mitigating a
wide range of risks, including drought. Although self-reliance is the agricultural
industry’s preferred approach to drought management, prolonged or severe drought can be
beyond the ability of otherwise successful farming businesses to manage. In these instances,
considered and well targeted government support is vital”.
With your knowledge of options to mitigate risk in agriculture and of the history of drought policy
in Australia, evaluate this quote.
(1 – 1.5 pages, 20 marks)
Question y. (total of 20 marks): Australia is currently free from foot-and-mouth disease
and an outbreak could potentially devastate our meat and livestock industries. Concern was
recently raised by a Northern Territory cattle producer who said:
“Australia needs to tighten biosecurity laws because farmers have no way to deal with
this risk alone, and it’s impossible for farmers to make decisions about what to do in the
face of such risk”.
With your knowledge of decision making under risk and risk mitigation tools in
agriculture to evaluate the quote above.
