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Diversification in agriculture

Author

Listed:
  • Manfred Schöpe

Abstract

Diversification in agricultural practice means building up new business activity that is not directly related to agricultural production but that utilises the resources of a typical farm. For an individual farm, the development of another source of income is often taken into consideration when expansion opportunities in agricultural production itself do not exist but when adequate family labour is available. Diversification is a key feature of structural change in agriculture that has not been adequately captured in the statistics, in contrast to the development of farm size or the termination of farming operations. The article provides an overview of farm diversification.

Suggested Citation

  • Manfred Schöpe, 2011. "Diversification in agriculture," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(14), pages 43-47, July.
    • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:14:p:43-47
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    File URL: https://www.ifo.de/DocDL/ifosd_2011_14_5.pdf
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    More about this item

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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