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The impact of economic and socioeconomic factors on the demand for information: A case study of Ohio commercial farmers

Author

Listed:
  • Eugene Jones

    (Agricultural Economics and Rural-Sociology at The Ohio State University)

  • Marvin T. Batte

    (Agricultural Economics and Rural-Sociology at The Ohio State University)

  • Gary D. Schnitkey

    (Agricultural Economics and Rural-Sociology at The Ohio State University)

Abstract

Several economic and socioeconomic factors are identified which influence farmers' demand for information. Many information sources are identified and categorized into general and specialized classes. Relevant economic and socioeconomic factors which impact these classes of information demands are: (1) farm size, (2) farm ownership, (3) off-farm employment, (4) education, (5) innovativeness, (6) farm plans, and (7) farm enterprise type. A logit model is specified and estimated for each class of information and the results show major differences in the determinants of demand for general and specialized information. Results also show that information sources are generally ranked higher by larger farmers than by smaller farmers.

Suggested Citation

  • Eugene Jones & Marvin T. Batte & Gary D. Schnitkey, 1989. "The impact of economic and socioeconomic factors on the demand for information: A case study of Ohio commercial farmers," Agribusiness, John Wiley & Sons, Ltd., vol. 5(6), pages 557-571.
    • Handle: RePEc:wly:agribz:v:5:y:1989:i:6:p:557-571
    DOI: 10.1002/1520-6297(198911)5:6<557::AID-AGR2720050603>3.0.CO;2-D
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    References listed on IDEAS

    as
    1. Hakansson, Nils H & Kunkel, J Gregory & Ohlson, James A, 1982. "Sufficient and Necessary Conditions for Information to Have Social Value in Pure Exchange," Journal of Finance, American Finance Association, vol. 37(5), pages 1169-1181, December.
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    4. Bullock, J. Bruce & Ray, Daryll & Thabet, Boubaker, 1982. "Valuation of Crop and Livestock Reports: Methodological Issues and Questions," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 14(1), pages 13-19, July.
    5. Hirshleifer, Jack, 1971. "The Private and Social Value of Information and the Reward to Inventive Activity," American Economic Review, American Economic Association, vol. 61(4), pages 561-574, September.
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    Citations

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    Cited by:

    1. Randela, Rendani & Liebenberg, Frikkie & Kirsten, Johann F. & Townsend, Rob F., 2000. "Demand for livestock tick control service in the Venda region, Northern Province," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 39(4), pages 1-12, December.
    2. Florian Diekmann & Cäzilia Loibl & Marvin T. Batte, 2009. "The Economics of Agricultural Information: Factors Affecting Commercial Farmers’ Information Strategies in Ohio," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(4), pages 853-872.
    3. George F. Patrick & Stanton Ullerich, 1996. "Information sources and risk attitudes of large-scale farmers, farm managers, and agricultural bankers," Agribusiness, John Wiley & Sons, Ltd., vol. 12(5), pages 461-471.
    4. Makus, Larry D. & Lin, Biing-Hwan & Carlson, John & Krebill-Prather, Rose, 1990. "Factors Influencing Producer Decisions On The Use Of Futures And Options In Commodity Marketing," A.E. Research Series 305069, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    5. Raza Ullah & Ganesh P. Shivakoti & Farhad Zulfiqar & Muhammad Nadeem Iqbal & Ashfaq Ahmad Shah, 2017. "Disaster risk management in agriculture: tragedies of the smallholders," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 87(3), pages 1361-1375, July.
    6. Tambi, N. E. & Mukhebi, W. A. & Maina, W. O. & Solomon, H. -M., 1999. "Probit analysis of livestock producers' demand for private veterinary services in the high potential agricultural areas of Kenya," Agricultural Systems, Elsevier, vol. 59(2), pages 163-176, February.
    7. Tambi, N. Emmanuel, 2001. "Analysis of household attitudes toward the purchase of livestock products and fish in Cameroon," Agricultural Economics, Blackwell, vol. 26(2), pages 135-147, November.
    8. Isengildina, Olga & Pennings, Joost M.E. & Irwin, Scott H. & Good, Darrel L., 2004. "Crop Farmers’ Use of Market Advisory Services," AgMAS Project Research Reports 37489, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.

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