President’s Message

          Professor Quentin Grafton of the Australian National University was elected as the 2017 AARES President at the Society’s recent Annual General Meeting in Brisbane.  Quentin’s main priorities will be to oversee the implementation of the Strategic Plan, including the change of the Society’s name to the Australasian Agricultural and Resource Economics Society.  


Quentin Grafton is Professor of Economics, Chairholder UNESCO Chair in Water Economics and Transboundary Water Governance and Director of the Centre for Water Economics, Environment and Policy (CWEEP) at the Crawford School of Public Policy at the Australian National University. He is a Fellow of the Academy of the Social Sciences in Australia and previously served as Chief Economist and Foundation Executive Director of the Australian Bureau of Resources and Energy Economics (2011-2013). He currently serves as the Director of the Food, Energy, Environment and Water (FE2W) Network which he helped found in 2014, and is the Editor in Chief of Policy and Executive Editor of the Global Water Forum which he established in 2010.


ACT Branch Seminar: ‘Economic resilience from the perspective of a decision-maker', Dr Tim Capon

5.30pm for 6:00pm presentation
Tuesday 25 July, Graduate Lounge, Fellows Bar & Cafe, University House, 1 Balmain Cresent, ANU

The presentations will be followed by questions and informal discussions in the relaxed social setting of the Fellows Bar. Drinks and finger food will be provided.

Cost - This event is free for AARES members and $10 on the night for non-members
RSVP - through Eventbrite 

Abstract:  In this research we apply new developments in the application of real options analysis to more clearly define and measure the concept of economic resilience from the perspective of a decision-maker. As pointed out in the literature, resilience in social and economic systems differs from ecological resilience because people are conscious of the future in a way that ecosystems are not. We demonstrate how to measure economic resilience, how to value economic resilience, and how this approach is relevant to a broad range of economic contexts and applications.. 

About the speaker: Dr Tim Capon is an economist with CSIRO. His research draws on economic theories of decision-making under risk and uncertainty to understand the factors that shape decisions and market outcomes. He has worked on applications including the design of markets for greenhouse gas emissions and soil carbon sequestration, the design of market-based instruments for natural resource management, climate change adaptation decision-making, and biosecurity decision support.

Rural Focus Symposium & Farming Futures Expo 26 - 28 July 2017

Innovation and technology changing the face of agribusiness

The University of New England in Armidale, NSW, is sponsoring Ag Week in July 2017. It starts with a dinner on Wednesday 26 July, followed by a symposium on Thursday 27 July, including talks, discussions, a panel of experts and a visit to a local farm. On Friday 28 July there is the Farming Futures Expo with a display hall, a fair and guest speakers at the Farming Futures dinner. For further information on this 3-day event go to:


Women & Leadership Australia (WLA) is administering a national initiative to support the development of female leaders across Australia’s agriculture sector.  The initiative is providing women with grants of between $3,000 and $8,000 to enable participation in a range of leadership development programs. The leadership development programs are part-time and delivered nationally via WLA’s blended learning model. Scholarship funding is strictly limited and has to be allocated prior to the end of this financial year (June 30).

Expressions of Interest
Find out more and register your interest by completing the Expression of Interest form here prior to 16 June 2017.


Agricultural Finance Review is pleased to announce the publication of a significant special issue commemorating 100 years of farm credit. Sponsored by the NC-1177 (Agricultural and Rural Finance Markets in Transition) the papers in this issue represent a broad swath of agricultural finance research in the USA. The special issue is guest edited by Calum G. Turvey from Cornell University, Ashok K. Mishra from Arizona State University, and Charles B. Moss from the University of Florida.  The papers and guest editorial can be accessed for free until 08 June 2017. To access the table of contents and the papers of the Special Issue, please click here.

Important Dates

19-21 July 2017
2017 Australian Conference of Economists
Sofitel, Sydney NSW

25 July 2017

ACT Branch Seminar: ‘Economic resilience from the perspective of a decision-maker', Dr Tim Capon
5.30pm Graduate Lounge, Fellows Bar & Cafe, University House, 1 Balmain Cresent, ANU

30 July - 1 August 2017
AAEA Annual Meeting
Chicago, USA

19-20 October 2017
2017 NZARES Conference
Rotorua, New Zealand

6 - 9 February 2018
AARES Annual Conference
Adelaide, SA

28 July – 2 August 2018
International Conference of Agricultural Economists
International Association of Agricultural Economics
Vancouver, British Columbia, Canada