The Influence of New Agricultural Business Entities on the Economic Welfare of Farmer’s Families

Lingjuan Cheng, Wei Zou and Kaifeng Duan
Additional contact information
Lingjuan Cheng: College of Public Administration, Nanjing Agricultural University, Nanjing 210095, China
Wei Zou: College of Public Administration, Nanjing Agricultural University, Nanjing 210095, China
Kaifeng Duan: School of Economics and Management, Tongji University, Shanghai 200092, China

Agriculture, 2021, vol. 11, issue 9, 1-15

Abstract: Promoting the coordinated development of new agricultural business entities and small farmers is an important way to realize rural revitalization. It is undoubtedly of great significance to clarify the impact and its mechanism of new agricultural business entities on the economic welfare of farmers’ families. Based on the 2015 China Household Finance Survey (CHFS) data, this paper builds a theoretical analytical framework of “new agricultural business entities—non-agricultural employment and agricultural output—economic welfare of farmers’ family”. From the intermediary perspective of the non-agricultural employment and agricultural output, it empirically tests the impact of new agricultural business entities on the economic welfare of farmers’ families by combining the analysis methods of the benchmark regression and intermediary effect. The research shows that: (1) New agricultural business entities promote the improvement of the economic welfare of farmers’ families. The specific manifestation is that the existence of new agricultural business entities can not only increase the per capita annual income of farmers’ families, but also promote the per capita consumption expenditure of farmers’ families in the village. (2) Non-agricultural employment and agricultural output have a significant mediating effect in the impact of new agricultural business entities on the economic welfare of farmers’ families. (3) In addition to key variables, variables such as education, political status, and family status are also key factors affecting the economic welfare of farmers’ families. Finally, this paper puts forward some policy recommendations such as cultivating high-quality new agricultural business entities, strengthening farmers’ technical training, and optimizing rural residents’ policies.

Keywords: new agricultural business entities; non-agricultural employment; agricultural output; economic welfare; farmers’ families (search for similar items in EconPapers)
JEL-codes: Q1 Q10 Q11 Q12 Q13 Q14 Q15 Q16 Q17 Q18 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.mdpi.com/2077-0472/11/9/880/pdf (application/pdf)
https://www.mdpi.com/2077-0472/11/9/880/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jagris:v:11:y:2021:i:9:p:880-:d:635415

Access Statistics for this article

Agriculture is currently edited by Ms. Leda Xuan

More articles in Agriculture from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().