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Labor income and risky investments: can part-time farmers compete?

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  • Andersson, Hans
  • Ramamurtie, Sailesh
  • Ramaswami, Bharat

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  • Andersson, Hans & Ramamurtie, Sailesh & Ramaswami, Bharat, 2003. "Labor income and risky investments: can part-time farmers compete?," Journal of Economic Behavior & Organization, Elsevier, vol. 50(4), pages 477-493, April.
    • Handle: RePEc:eee:jeborg:v:50:y:2003:i:4:p:477-493
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    1. Bodie, Zvi & Merton, Robert C. & Samuelson, William F., 1992. "Labor supply flexibility and portfolio choice in a life cycle model," Journal of Economic Dynamics and Control, Elsevier, vol. 16(3-4), pages 427-449.
    2. Daniel A. Sumner, 1982. "The Off-Farm Labor Supply of Farmers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 499-509.
    3. Peter J. Barry, 1980. "Capital Asset Pricing and Farm Real Estate," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 549-553.
    4. Merton, Robert C., 1971. "Optimum consumption and portfolio rules in a continuous-time model," Journal of Economic Theory, Elsevier, vol. 3(4), pages 373-413, December.
    5. Baxter, Marianne & Jermann, Urban J, 1997. "The International Diversification Puzzle Is Worse Than You Think," American Economic Review, American Economic Association, vol. 87(1), pages 170-180, March.
    6. Gardner, Bruce L, 1992. "Changing Economic Perspectives on the Farm Problem," Journal of Economic Literature, American Economic Association, vol. 30(1), pages 62-101, March.
    7. Ravi Jagannathan & Narayana R. Kocherlakota, 1996. "Why should older people invest less in stock than younger people?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 20(Sum), pages 11-23.
    8. Christoph R. Weiss, 1999. "Farm Growth and Survival: Econometric Evidence for Individual Farms in Upper Austria," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 103-116.
    9. Svensson, Lars E. O. & Werner, Ingrid M., 1993. "Nontraded assets in incomplete markets : Pricing and portfolio choice," European Economic Review, Elsevier, vol. 37(5), pages 1149-1168, June.
    10. Cochrane, Willard W., 1987. "Saving the Modest-Sized Farm Or, The Case For Part-Time Farming," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 2(2), pages 1-4.
    11. Weiss, Christoph R, 1997. "Do They Come Back Again? The Symmetry and Reversibility of Off-Farm Employment," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 24(1), pages 65-84.
    12. Huffman, Wallace E., 1991. "Agricultural Household Models: Survey and Critique," Staff General Research Papers Archive 11008, Iowa State University, Department of Economics.
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    Cited by:

    1. Boncinelli, Fabio & Bartolini, Fabio & Casini, Leonardo & Brunori, Gianluca, 2014. "Investigating determinants of agricultural income diversification: an exploratory case study in Tuscany," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182849, European Association of Agricultural Economists.
    2. Lagerkvist, Carl Johan & Gregory, Mark & Olson, Kent D., 2003. "Enhancing The Competitiveness And Risk-Efficiency Of Farm Assets Through Holding Farm/Financial Asset And Off-Farm Income Portfolios," 2003 Annual meeting, July 27-30, Montreal, Canada 22125, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Boncinelli, Fabio & Bartolini, Fabio & Casini, Leonardo, 2018. "Structural factors of labour allocation for farm diversification activities," Land Use Policy, Elsevier, vol. 71(C), pages 204-212.
    4. Gudbrand Lien & Ola Flaten & Anne Moxnes Jervell & Martha Ebbesvik & Matthias Koesling & Paul Steinar Valle, 2006. "Management and Risk Characteristics of Part-Time and Full-Time Farmers in Norway," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(1), pages 111-131.
    5. Bartolini, Fabio & Andreoli, Maria & Brunori, Gianluca, 2014. "Explaining determinants of the on-farm diversification: empirical evidence from Tuscany region," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 3(2), pages 1-21, August.
    6. Stukach, Victor, 2013. "Применение Почвозащитных Технологий В Регионах, Подверженных Ветровой Эрозии: Механизмы Мотивации Собственников Земли [Application of soil protection technologies in regions prone to wind erosion: ," MPRA Paper 77730, University Library of Munich, Germany, revised Mar 2017.
    7. Bartolini, Fabio & Andreoli, Maria & Brunori, Gianluca, 2013. "Explaining the determinants of on-farm diversification: The case Study of Tuscany Region," 2013 Second Congress, June 6-7, 2013, Parma, Italy 149903, Italian Association of Agricultural and Applied Economics (AIEAA).
    8. Lien, Gudbrand D. & Kumbhakar, Subal C. & Hardaker, J. Brian, 2008. "Determinants Of Part-Time Farming And Its Effect On Farm Productivity And Efficiency," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6701, European Association of Agricultural Economists.
    9. Lunnan, Anders & Nybakk, Erlend & Vennesland, Birger, 2006. "Entrepreneurial attitudes and probability for start-ups--an investigation of Norwegian non-industrial private forest owners," Forest Policy and Economics, Elsevier, vol. 8(7), pages 683-690, October.
    10. Davies, Stephen P. & Erickson, Kenneth W. & Vickner, Steven S. & Hoag, Dana L. & Nehring, Richard F., 2005. "An Error-Components Three-Stage Least-Squares Model of Investment Allocation by Farm Households," 2005 Annual meeting, July 24-27, Providence, RI 19249, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Blank, Steven C., 2005. "Hedging with off-farm income: implications for production and investment decisions across farm sizes," 2005 Annual Meeting, July 6-8, 2005, San Francisco, California 291741, Western Agricultural Economics Association.
    12. Shahzad, Muhammad Abid & Fischer, Christian, 2021. "The State of Other Gainful Activities in European Union-27: An Empirical Analysis of Trends and Determinant Factors," 2021 Conference, August 17-31, 2021, Virtual 315226, International Association of Agricultural Economists.
    13. Andersson, Hans & Ramaswami, Bharat & Moss, Charles B. & Erickson, Kenneth W. & Hallahan, Charles B. & Nehring, Richard F., 2005. "Off-farm Income and Risky Investments: What Happens to Farm and Nonfarm Assets?," 2005 Annual meeting, July 24-27, Providence, RI 19480, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Bouchakour, Radhia & Saad, Mohammed, 2020. "Farm and farmer characteristics and off-farm work: evidence from Algeria," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(2), April.

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