Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/emerald-publishing/factors-affecting-farm-enterprise-diversification-4xKw2OvWOx
References (49)
-
E. Castle, M. Becker (1986)
Farm Business Management: The Decision Making Process -
I. Bowler (1992)
The Geography of Agriculture in Developed Market Economies -
S. Mcnally (2001)
Farm diversification in England and Wales — what can we learn from the farm business survey?Journal of Rural Studies, 17
-
B. Goodwin, T. Schroeder (1994)
Human Capital, Producer Education Programs, and the Adoption of Forward-Pricing MethodsAmerican Journal of Agricultural Economics, 76
-
I. Bowler, G. Clark, A. Crockett, B. Ilbery, A. Shaw (1996)
The development of alternative farm enterprises: A study of family labour farms in the northern Pennines of EnglandJournal of Rural Studies, 12
-
Ingolf Vogeler, R. Gasson (1989)
The economics of part-time farmingEconomic Geography, 65
-
C. Potter, R. Gasson (1988)
Farmer participation in voluntary land diversion schemes: Some predictions from a surveyJournal of Rural Studies, 4
-
B. Goodwin (1993)
An Empirical Analysis of the Demand for Multiple Peril Crop InsuranceAmerican Journal of Agricultural Economics, 75
-
R. Kramer, R. Pope (1981)
Participation in Farm Commodity Programs: A Stochastic Dominance AnalysisAmerican Journal of Agricultural Economics, 63
-
A. Jacquemin, Anne-Marie Kumps (1971)
Changes in the Size Structure of the Largest European Firms: An Entropy MeasureJournal of Industrial Economics, 20
-
D. Shucksmith, R. Smith (1991)
FARM HOUSEHOLD STRATEGIES AND PLURIACTIVITY IN UPLAND SCOTLANDJournal of Agricultural Economics, 42
-
A. Mishra, B. Goodwin (1997)
Farm Income Variability and the Supply of Off‐Farm LaborMacroeconomics: Employment
-
K. Borch (1969)
A Note on Uncertainty and Indifference CurvesThe Review of Economic Studies, 36
-
R. Gasson (1988)
FARM DIVERSIFICATION AND RURAL DEVELOPMENTJournal of Agricultural Economics, 39
-
C. Berry (1971)
Corporate Growth and DiversificationThe Journal of Law and Economics, 14
-
H. El-Osta, G. Bernât, M. Ahearn (1995)
Regional Differences in the Contribution of Off-Farm Work to Income InequalityAgricultural and Resource Economics Review, 24
-
B. Barnett (2000)
The U.S. Federal Crop Insurance ProgramCanadian Journal of Agricultural Economics-revue Canadienne D Agroeconomie, 48
-
(1992)
Multinomial Logit Analysis of Farm Diversification for Midwestern Farms -
D. Newbery (1981)
The theory of commodity price stabilization -
A. Hallam (1987)
The competitive firm's response to risk -
C. Moss, A. Schmitz (2003)
Government Policy and Farmland Markets -
(1971)
How Small Farm Households Adapt to Risk -
F. Pierce, W. Larson, R. Dowdy, W. Graham (1983)
Productivity of soils: Assessing long-term changes due to erosionJournal of Soil and Water Conservation, 38
-
D. Shucksmith, J. Bryden, P. Rosenthall, C. Short, D. Winter (1989)
Pluriactivity, Farm Structures and Rural ChangeJournal of Agricultural Economics, 40
-
A. Mishra, B. Goodwin (2003)
Adoption of crop versus revenue insurance: a farm‐level analysisAgricultural Finance Review, 63
-
M. Hackbart, Donald Anderson (1978)
"On Measuring Economic Diversification": ReplyLand Economics, 54
-
E. Heady (1952)
Diversification in Resource Allocation and Minimization of Income VariabilityAmerican Journal of Agricultural Economics, 34
-
J. Gould (1974)
Risk, stochastic preference, and the value of informationJournal of Economic Theory, 8
-
(1984)
Financial Responses to Risk in Agriculture. -
R. Pindyck, D. Rubinfeld (2002)
Econometric models and economic forecasts -
K. Arrow, K. Borch (1970)
The Economics of Uncertainty.Journal of the American Statistical Association, 65
-
R. Pope, R. Prescott (1980)
Diversification in relation to farm size and other socioeconomic characteristics.American Journal of Agricultural Economics, 62
-
J. Harwood, R. Heifner, Keith Coble, J. Perry, A. Somwaru (1999)
Managing Risk in Farming: Concepts, Research, and AnalysisAgricultural Economics Reports
-
(1972)
Farm Size and Specialization. -
B. Ilbery (1991)
Farm diversification as an adjustment strategy on the urban fringe of the West MidlandsJournal of Rural Studies, 7
-
R. Just, L. Calvin (1994)
An Empirical Analysis of U.S. Participation in Crop Insurance -
(2004)
Sustainable Maize Production—Crop Rotation. -
D. Slottje, K. Hayes, Joyce Shackett (1992)
Labour Force Participation, Race and Human Capital: Influence on Earnings Distributions across StatesReview of Income and Wealth, 38
-
R. Zentner, D. Wall, C. Nagy, Elwin Smith, D. Young, P. Miller, C. Campbell, B. McConkey, S. Brandt, G. Lafond, A. Johnston, D. Derksen (2002)
Economics of Crop Diversification and Soil Tillage Opportunities in the Canadian PrairiesAgronomy Journal, 94
-
P. Helmberger, V. Akinyosoye (1984)
Competitive Pricing and Storage under Uncertainty with an Application to the U.S. Soybean MarketAmerican Journal of Agricultural Economics, 66
-
J. Carter (1977)
In Search of Synergy: A Structure-Performance TestThe Review of Economics and Statistics, 59
-
(2000)
Econometric Analysis, 4th ed -
H. Edmond, Kate Corcoran, B. Crabtree (1993)
Modelling locational access to markets for pluriactivity: a study in the Grampian region of ScotlandJournal of Rural Studies, 9
-
R. Allen (2002)
AGRICULTURAL RESOURCE MANAGEMENT SURVEY (ARMS) -
Wolfgang Briglauer (2000)
Motives for Firm Diversification. A Survey on Theory and Empirical Evidence -
W. Musser, K. Stamoulis (1981)
Evaluating the Food and Agriculture Act of 1977 with Firm Quadratic Risk ProgrammingAmerican Journal of Agricultural Economics, 63
-
D. Damianos, D. Skuras (1996)
Farm business and the development of alternative farm enterprises: An empirical analysis in GreeceJournal of Rural Studies, 12
-
Frank Gollop, J. Monahan (1991)
A Generalized Index of Diversification: Trends in U.S. ManufacturingThe Review of Economics and Statistics, 73
-
A. Mishra, C. Sandretto (2002)
Stability of Farm Income and the Role of Nonfarm Income in U.S. AgricultureApplied Economic Perspectives and Policy, 24
- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 0002-1466
- DOI
- 10.1108/00214660480001160
- Publisher site
- See Article on Publisher Site
Abstract
Enterprise diversification is a selfinsuring strategy used by farmers to protect against risk. This study examines the impact of various farm, operator, and household characteristics on the level of onfarm enterprise diversification. Evidence exists that larger farms are more specialized. Also, farmers who participate in offfarm work, farms located near urban areas, or farms with higher debttoasset ratios are less likely to be diversified. In contrast, evidence suggests there is a significant positive relationship between diversification and whether the farm business has crop insurance, is organized as a sole proprietorship, or receives any direct payments from current farm commodity programs.
Journal
Agricultural Finance Review – Emerald Publishing
Published: Nov 1, 2004