ABSTRACT
Australia's three main broadacre agricultural industries, wool, wheat and beef, account for around half of the gross value of Australia's total agricultural output. In addition, the broadacre industries make a substantial contribution toward Australia's total export earnings. It is hardly surprising, then, that analysis of the issues affecting Australia's broadacre industries has figured prominently in the research programs of the Australian Bureau of Agriculture and Resource Economics (ABARE) and its predecessor, the Bureau of Agricultural Economics (BAE). Part of this research effort resulted in the development of EMABA, an acronym for a structural Econometric Model of Australian Broadacre Agriculture.
