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The Process of Farm Adjustment: A Critical Review

  • Gow, Jeff
  • Stayner, Richard
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    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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    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)

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    Handle: RePEc:ags:remaae:12329
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    1. 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.
    2. 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.
    3. 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.
    4. Boehlje, Michael, 1973. "The Entry-Growth-Exit Processes In Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 5(01), July.
    5. Dean W. Hughes & James W. Richardson & M. Edward Rister, 1985. "Effects of Sustained Financial Stress on the Financial Structure and Performance of the Farm Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(5), pages 1116-1122.
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