The Happy Farmer: The Effect of Nonpecuniary Benefits on Behavior

Peter Howley

American Journal of Agricultural Economics, 2015, vol. 97, issue 4, 1072-1086

Abstract: I test empirically the relationship between farmers’ perceptions of the nonpecuniary benefits from farming with a variety of field behaviors such as disinvestment, production, diversification, and off-farm labor market participation. Results suggest that nonpecuniary benefits have an important influence on a wide range of farmer activities. While costs and returns are clearly important, I suggest that nonpecuniary benefits may make some choices more attractive than others which may be more rewarding financially.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:97:y:2015:i:4:p:1072-1086.

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