Farming Exit Decision by Age Group: Analysis of Tobacco Buyout Impact in Kentucky

Helen Pushkarskaya () and Dmitry Vedenov

Journal of Agricultural and Applied Economics, 2009, vol. 41, issue 3, 10

Abstract: This article analyzes factors that affected the decision to exit tobacco production in the wake of the tobacco buyout program using the data collected through a survey of Kentucky tobacco farmers. Using the Heuristic logistic regression model, we find that the decision to exit tobacco growing was affected by efficiency considerations, availability of off-farm employment, and exit barriers. Availability of off-farm employment had the strongest effect on farmers younger than 46, while the effect of variables measuring efficiency and exit barriers seemed to be more uniform across age groups. Based on the results we suggest several policy interventions.

Keywords: Agribusiness; Crop Production/Industries; Farm Management; Institutional and Behavioral Economics; Labor and Human Capital; Marketing; Production Economics (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (9)

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Journal Article: Farming Exit Decision by Age Group: Analysis of Tobacco Buyout Impact in Kentucky (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:56653

DOI: 10.22004/ag.econ.56653

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