The Influence of diversification on short-term and long-term viability in the Scottish and Swedish agricultural sector

Andrew Peter Barnes, Helena Hansson, Gordana Manevska-Tasevska, Shailesh Shrestha and Steven Thomson

No 182654, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists

Abstract: The long-term viability of farm businesses has been a stated goal for agricultural policy in most developed and developing economies. Recent investigations have found the level and type of diversification to be a significant factor in determining viability. This paper presents an index of short term and long term viability over the period 2000-2012 across Scotland and Sweden. Transition probabilities are presented using a balanced Markov chain approach. We find stability in both viable and non-viable farms over time, irrespective of policy and market change. A multinomial logistic regression finds the influence agaricultural diversification on determining higher levels of viability at the farm level.

Keywords: Community/Rural/Urban; Development (search for similar items in EconPapers)
Pages: 13
Date: 2014-08
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:182654

DOI: 10.22004/ag.econ.182654

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