Can Local Farms Survive Globalization?

Shawn Arita, Dilini Hemanchandra and PingSun Leung

Agricultural and Resource Economics Review, 2014, vol. Prepublication Previews, 22

Abstract: Due to expanding trade and increasing concentration of production during the past few decades, small local farms have faced ever-growing competitive pressures. We investigate the impacts of this globalization on production of local food by examining Hawaiʻi’s open island economy and econometrically evaluating impacts of import competition on the growth and survival of individual fruit and vegetable farms. We find evidence that rising levels of imports significantly hinder farm growth in Hawaiʻi and have a smaller impact on farm survival. Increased foreign competition increases the likelihood of exit for commercial farms but has little effect on small noncommercial farms.

Keywords: Agribusiness; Agricultural and Food Policy; International Relations/Trade; Land Economics/Use; Production Economics (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:172146

DOI: 10.22004/ag.econ.172146

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