RISK MANAGEMENT THROUGH ENTERPRISE DIVERSIFICATION: A FARM-LEVEL ANALYSIS

Ashok Mishra () and Hisham S. El-Osta

No 19711, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Enterprise diversification is a self-insuring strategy used by farmers to protect against risk. This paper examines the impact of various farm, operator, and household characteristics on the level of on-farm diversification. Results provide evidence that larger farms are more specialized. Also, farmers who participate in off-farm income and farms located near urban areas are less likely to diversify. Additionally, results also show a significant positive relationship between diversification and farm/crop insurance and sole proprietorships. Finally, there is also evidence that farms that received government payments are more diversified than their counterparts.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 23
Date: 2002
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19711

DOI: 10.22004/ag.econ.19711

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