12 November, 2011

Uncertainty

A quote worth remembering-
"Perhaps more than any other parts of the Australian economy, farmers understand uncertainty. They live with uncertainty about rainfall and growing conditions. They live with uncertainty about the costs of their key inputs. And, of course, they live with uncertainty about the world prices for their outputs. It is this ability to deal with uncertainty that is one of the strong and enduring characteristics of the Australian farming sector."
Philip Lowe, Assistant Governor (Economic), Reserve Bank of Australia.
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