Off-Farm Investment and Employment in the Australian Grazing Industry: A Preliminary Analysis
The deployment of resources off the farm constitutes an important aspect of resource use in Australian agriculture. The aims in this paper are to document the nature and extent of off-farm employment and investment in the Australian grazing industry, to undertake an analysis to identify the factors important in determining both the type of off-farm employment undertaken by operators and the off-farm employment-investment strategy chosen by the farm family, and to present farmers' reasons given for undertaking off-farm employment and investment. Off-farm employment and off-farm investment were found to be widespread in the Australian grazing industry, with the majority of farm families receiving some income from off-farm sources. In addition to the relative incomes earned from farm and off-farm sources, human capital, family structure and the life cycle stage and some non-pecuniary influences were found to be important in determining the type of off-farm resources deployment undertaken, particularly with respect to off-farm employment. Many farmers were found to view off-farm employment and off-farm investment as efficient and profitable alternatives to the allocation of all resources to farm activities.
Volume (Year): 49 (1981)
Issue (Month): 01 (April)
|Contact details of provider:|| Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200|
Phone: 0409 032 338
Web page: http://www.aares.info/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Huffman, Wallace E, 1980.
"Farm and Off-Farm Work Decisions: The Role of Human Capital,"
The Review of Economics and Statistics,
MIT Press, vol. 62(1), pages 14-23, February.
- Huffman, Wallace, 1980. "Farm and Off-Farm Work Decisions: The Role of Human Capital," Staff General Research Papers Archive 10973, Iowa State University, Department of Economics.
- J.S. Nalson, 1964. "Problems Of Resource Use On The Family Farm," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 8(1), pages 46-56, 06.
- Alan S Blinder & Yoram Weiss, 1974.
"Human Capital and Labor Supply: A Synthesis,"
435, Princeton University, Department of Economics, Industrial Relations Section..
- Paul Polzin & Peter MacDonald, 1971. "Off-Farm Work: A Marginal Analysis," The Quarterly Journal of Economics, Oxford University Press, vol. 85(3), pages 540-545.
- Clark, Robert L & Kreps, Juanita & Spengler, Joseph J, 1978. "Economics of Aging: A Survey," Journal of Economic Literature, American Economic Association, vol. 16(3), pages 919-62, September.
- Heckman, James J, 1976. "A Life-Cycle Model of Earnings, Learning, and Consumption," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages S11-44, August.
- Nalson, J.S., 1964. "Problems Of Resource Use On The Family Farm," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 8(01), June.
When requesting a correction, please mention this item's handle: RePEc:ags:remaae:12246. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.