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The Process of Farm Adjustment: A Critical Review

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  • Gow, Jeff
  • Stayner, Richard
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    Abstract

    Farm adjustment is a complex process involving decisions by farmers about a wide range of economic and non-economic factors which influence the farm business and farm family. The economics literature emphasises the importance of economic factors in the adjustment behaviour of farmers. However, the observed adjustment behaviour of farmers does not correspond very closely to that predicted by that literature. Insights from the rural sociology and psychology literature offer new perspectives on farmer behaviour which are of relevance and use to both economic researchers and policy makers concerned with farm adjustment.

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    File URL: http://purl.umn.edu/12329
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    Bibliographic Info

    Article provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.

    Volume (Year): 63 (1995)
    Issue (Month): 02 (August)
    Pages:

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    Handle: RePEc:ags:remaae:12329

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    Keywords: Farm Management;

    References

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    1. Davenport, Scott V. & Curthoys, Catherine & Booth, J., 1994. "Developments in Adjustment Policy," 1994 Conference (38th), February 8-10, 1994, Wellington, New Zealand 148165, Australian Agricultural and Resource Economics Society.
    2. Boehlje, Michael, 1973. "The Entry-Growth-Exit Processes In Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 5(01), July.
    3. Leistritz, F. Larry & Ekstrom, Brenda L. & Vreugdenhil, Harvey G., 1987. "Causes and Consequences of Economic Stress in Agriculture: Contrasting the Views of Rural Residents," Agricultural Economics Reports 23167, North Dakota State University, Department of Agribusiness and Applied Economics.
    4. Riethmuller, P.C., 1976. "Economic and Non-Economic Factors Affecting Mobility of Graziers During Periods of Depression," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 6(3), pages 49-68.
    5. Cary, John W. & Holmes, Bill, 1982. "Relationships Among Farmers' Goals And Farm Adjustment Strategies: Some Empirics Of A Multidimensional Approach," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(02), August.
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    Cited by:
    1. Ondersteijn, C. J. M. & Giesen, G. W. J. & Huirne, R. B. M., 2003. "Identification of farmer characteristics and farm strategies explaining changes in environmental management and environmental and economic performance of dairy farms," Agricultural Systems, Elsevier, vol. 78(1), pages 31-55, October.
    2. Kopke, Emma & Young, John & Kingwell, Ross, 2008. "The relative profitability and environmental impacts of different sheep systems in a Mediterranean environment," Agricultural Systems, Elsevier, vol. 96(1-3), pages 85-94, March.
    3. McColl, James C. & Young, Michael D., 2006. "MANAGING CHANGE: Lessons for water," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139882, Australian Agricultural and Resource Economics Society.
    4. Ondersteijn, C.J.M. & Giesen, G.W.J. & Huirne, R.B.M., 2006. "Perceived environmental uncertainty in Dutch dairy farming: The effect of external farm context on strategic choice," Agricultural Systems, Elsevier, vol. 88(2-3), pages 205-226, June.
    5. Agbola, Frank W. & Harrison, Stephen R., 2005. "Empirical investigation of investment behaviour in Australia's pastoral region," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), March.

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