IDEAS home Printed from https://ideas.repec.org/p/ags/aaea81/279456.html
   My bibliography  Save this paper

The Impact of Diversification. on Farm-Risk

Author

Listed:
  • Zenger, Sheldon
  • Schurle, Bryan

Abstract

Using farm data, this study estimates the relationship between income and variability of income. The affect of diversification and other farm characteristics on income variability is also investigated. Gross farm income, acres per operator, taxable nonfarm income, and machinery investment per acre were significantly related to variability of net income.

Suggested Citation

  • Zenger, Sheldon & Schurle, Bryan, 1981. "The Impact of Diversification. on Farm-Risk," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279456, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279456
    DOI: 10.22004/ag.econ.279456
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/279456/files/aaea-1981-170.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.279456?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rulon D. Pope & Richard Prescott, 1980. "Diversification in Relation to Farm Size and Other Socioeconomic Characteristics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 554-559.
    2. Earl O. Heady, 1952. "Diversification in Resource Allocation and Minimization of Income Variability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 34(4), pages 482-496.
    3. Pachta, Jim & Schurle, Bryan, 1980. "A study of farm wheat-yield variability," WAEA/ WFEA Conference Archive (1929-1995) 291646, Western Agricultural Economics Association.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Schurle, Bryan W., 1990. "Business Risk Economies Of Size: Evidence And Implications," 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida 271541, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    2. Schurle, Bryan W. & Williams, Jeffery R., 1982. "Application of Stochastic Dominance Criteria to Farm Data," 1982 Annual Meeting, August 1-4, Logan, Utah 279463, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tesfaye, Wondimagegn & Tirivayi, Nyasha, 2020. "Crop diversity, household welfare and consumption smoothing under risk: Evidence from rural Uganda," World Development, Elsevier, vol. 125(C).
    2. Weiss, Christoph R. & Thiele, Holger D., 2002. "Diversifikation und Wachstum landwirtschaftlicher Unternehmen," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 51(03), pages 1-8.
    3. Miller, Matthew Edward, 2003. "An economic perspective on Iowa farm diversification in the twentieth century," ISU General Staff Papers 2003010108000018194, Iowa State University, Department of Economics.
    4. McNamara, Kevin T. & Weiss, Christoph R., 2005. "Farm Household Income and On-and-Off Farm Diversification," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(1), pages 1-12, April.
    5. Weiss, Christoph R. & Briglauer, Wolfgang, 2000. "Determinants and Dynamics of Farm Diversification," FE Working Papers 0002, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    6. Bravo-Ureta, Boris E. & Cocchi, Horacio & Solís, Daniel, 2006. "Output Diversification among Small-Scale Hillside Farmers in El Salvador," IDB Publications (Working Papers) 3012, Inter-American Development Bank.
    7. Erik J. O’Donoghue & Michael J. Roberts & Nigel Key, 2009. "Did the Federal Crop Insurance Reform Act Alter Farm Enterprise Diversification?," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(1), pages 80-104, February.
    8. O'Donoghue, Erik J. & Key, Nigel D. & Roberts, Michael J., 2005. "Does risk matter for farm businesses? The effect of crop insurance on production and diversification," 2005 Annual meeting, July 24-27, Providence, RI 19397, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Schurle, Bryan W., 1990. "Business Risk Economies Of Size: Evidence And Implications," 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida 271541, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    10. McNamara, Kevin T. & Weiss, Christoph R., 2001. "On- And Off-Farm Diversification," 2001 Annual meeting, August 5-8, Chicago, IL 20520, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Thair, Philip J., 1953. "Responses of farmers to differences in crop yield variability in two counties in North Dakota," ISU General Staff Papers 1953010108000016216, Iowa State University, Department of Economics.
    12. Poonam Rani & Ajeet Kumar Sahoo, 2023. "Assessment of Productivity and Crop Diversification Pattern in Punjab Agriculture," Arthaniti: Journal of Economic Theory and Practice, , vol. 22(2), pages 251-270, December.
    13. Stevens, Andrew W. & Teal, Jim, 2022. "Diversification and Resilience of Firms in the Agri-Food Supply Chain," 2022 Agricultural and Rural Finance Markets in Transition, October 17-18, 2022, Detroit, Michigan 329264, Regional Research Committee NC-1177 (formerly NC-1014): Agricultural and Rural Finance Markets in Transition.
    14. Muhammad Amjed Iqbal & Muhammad Rizwan & Azhar Abbas & Muhammad Sohail Amjad Makhdum & Rakhshanda Kousar & Muhammad Nazam & Abdus Samie & Nasir Nadeem, 2021. "A Quest for Livelihood Sustainability? Patterns, Motives and Determinants of Non-Farm Income Diversification among Agricultural Households in Punjab, Pakistan," Sustainability, MDPI, vol. 13(16), pages 1-14, August.
    15. Singh, Amarendra Pratap & Narayanan, Krishnan, 2016. "How can weather affect crop area diversity? Panel data evidence from Andhra Pradesh, a rice growing state of India," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 118(2), pages 1-10, August.
    16. Wening Sarwosri, Arieska & Mußhoff, Oliver, 2019. "Can crop diversification of perennial crop by smallholder farmers explained by risk attitudes and time preferences?," EFForTS Discussion Paper Series 28, University of Goettingen, Collaborative Research Centre 990 "EFForTS, Ecological and Socioeconomic Functions of Tropical Lowland Rainforest Transformation Systems (Sumatra, Indonesia)".
    17. Singbo, Alphonse G. & Emvalomatis, Grigorios & Alfons, Oude Lansink, 2013. "Assessing the impact of crop specialization on farms’ performance in vegetables farming in Benin: a non-neutral stochastic frontier approach," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149172, Agricultural and Applied Economics Association.
    18. Salvioni, Cristina & Ascione, Elisa & Henke, Roberto, 2013. "Structural and economic dynamics in diversified Italian farms," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 2(3), pages 1-19, December.
    19. Kimhi, Ayal, 2009. "Heterogeneity, Specialization and Social Cohesion in Israeli Moshav Cooperatives," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 37(1), pages 1-13.
    20. Stamatina, Stamatina & Banerjee, Simanti & Walters, Cory, 2020. "Safety First Risk Preferences and Post-Harvest Grain Marketing A Context-rich Lab Experiment," Cornhusker Economics 307131, University of Nebraska-Lincoln, Department of Agricultural Economics.

    More about this item

    Keywords

    Risk and Uncertainty;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea81:279456. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.aaea.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.