ON- AND OFF-FARM DIVERSIFICATION

Kevin T. McNamara and Christoph Weiss

No 20520, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The present paper brings together two strands of literature by analysing the interrelationship between on-farm and off-farm diversification econometrically. Estimation results from simultaneous bivariate probit models suggest that on-farm and off-farm diversification decisions are closely related. The degree of diversification is significantly lower for farms where the farm operator works off-the farm. On the other hand, the probability of entering into the off-farm labour market declines with the degree of diversification in farm production.

Keywords: Farm; Management (search for similar items in EconPapers)
Pages: 11
Date: 2001
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20520

DOI: 10.22004/ag.econ.20520

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