Do Rich or Large-scale Farmers Choose a High Type of Production Technology

Jinkyo Suh

Journal of Rural Development/Nongchon-Gyeongje, 2000, vol. 23, issue 4

Abstract: By using a two-period model in which farmers must choose one of two alternative production technologies I analyze the relationship between farm scales of farm income and the adoption of new technology. A high type of production techniques yields higher returns but also demands a bigger fixed implementation cost. I find that these fixed implementation costs imply threshold effects in the selection process of production techniques-farmers above a critical level of the first period income select a high type of production techniques while farmers below the threshold select a low type of production techniques.

Keywords: Farm; Management (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:288037

DOI: 10.22004/ag.econ.288037

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