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Interlinked diversification strategies: Evidence from farm business households

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  • Khanal, Aditya
  • Mishra, Ashok

Abstract

We analyze the factors influencing farmer’s diversification decisions while taking into account the simultaneous decision making. Using a national data on farm-level in the US and a multivariate analysis, our study suggests that agricultural, structural, environmental, and income diversification strategies are interlinked.

Suggested Citation

  • Khanal, Aditya & Mishra, Ashok, 2015. "Interlinked diversification strategies: Evidence from farm business households," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196977, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea15:196977
    DOI: 10.22004/ag.econ.196977
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    1. Vogel, Stephen J., 2012. "Multi-Enterprising Farm Households: The Importance of Their Alternative Business Ventures in the Rural Economy," Economic Information Bulletin 138015, United States Department of Agriculture, Economic Research Service.
    2. Catherine Benjamin & Ayal Kimhi, 2006. "Farm work, off-farm work, and hired farm labour: estimating a discrete-choice model of French farm couples' labour decisions," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 33(2), pages 149-171, June.
    3. Aditya R. Khanal & Ashok K. Mishra, 2014. "Agritourism and off-farm work: survival strategies for small farms," Agricultural Economics, International Association of Agricultural Economists, vol. 45(S1), pages 65-76, November.
    4. Ali, Mir B., 2002. "Characteristics and Production Costs of U.S. Wheat Farms," Statistical Bulletin 262280, United States Department of Agriculture, Economic Research Service.
    5. Train,Kenneth E., 2009. "Discrete Choice Methods with Simulation," Cambridge Books, Cambridge University Press, number 9780521766555, January.
    6. Mansury, Yuri & Hara, Tadayuki, 2007. "Impacts of Organic Food Agritourism on a Small Rural Economy: A Social Accounting Matrix Approach," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(3), pages 1-10.
    7. Joo, Hyunjeong & Khanal, Aditya R. & Mishra, Ashok K., 2013. "Farmers’ Participation in Agritourism: Does It Affect the Bottom Line?," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(3), pages 1-20, December.
    8. Bagi, Faqir Singh & Reeder, Richard J., 2012. "Factors Affecting Farmer Participation in Agritourism," Agricultural and Resource Economics Review, Cambridge University Press, vol. 41(2), pages 189-199, August.
    9. Benjamin, Catherine & Kimhi, Ayal, 2003. "Farm Work, Off-Farm Work, And Hired Farm Labor: Estimating A Discrete-Choice Model Of French Farm Couples' Labor Decisions," Discussion Papers 14990, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    10. Abdulai, Awudu & CroleRees, Anna, 2001. "Determinants of income diversification amongst rural households in Southern Mali," Food Policy, Elsevier, vol. 26(4), pages 437-452, August.
    11. Foreman, Linda F., 2013. "Characteristics of U.S. Cotton Farms Vary Widely," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-4, February.
    12. Lorenzo Cappellari & Stephen P. Jenkins, 2003. "Multivariate probit regression using simulated maximum likelihood," Stata Journal, StataCorp LP, vol. 3(3), pages 278-294, September.
    13. 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.
    14. Bagi, Faqir Singh & Reeder, Richard J., 2012. "Factors Affecting Farmer Participation in Agritourism," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 41(2), pages 1-11, August.
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    Cited by:

    1. 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.
    2. Ramon Felipe Bicudo da Silva & Mateus Batistella & James D. A. Millington & Emilio Moran & Luiz A. Martinelli & Yue Dou & Jianguo Liu, 2020. "Three Decades of Changes in Brazilian Municipalities and Their Food Production Systems," Land, MDPI, vol. 9(11), pages 1-17, October.
    3. Sudip Adhikari & Aditya R. Khanal, 2021. "Economic Sustainability and Multiple Risk Management Strategies: Examining Interlinked Decisions of Small American Farms," Sustainability, MDPI, vol. 13(4), pages 1-13, February.
    4. Hopkins, Jonathan & Sutherland, Lee-Ann & Ehlers, Melf-Hinrich & Matthews, Keith & Barnes, Andrew & Toma, Luiza, 2017. "Scottish farmers' intentions to afforest land in the context of farm diversification," Forest Policy and Economics, Elsevier, vol. 78(C), pages 122-132.

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    Keywords

    Agribusiness; Agricultural and Food Policy; Agricultural Finance; Farm Management;
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