Off-Farm Work and On-Farm Investment

Jeremy Foltz and Ursula Aldana

No 21185, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This work has developed a theoretically consistent model of a farm household's choice between working on-farm and working off-farm and the effects of that choice on farm investment choices. The theory demonstrates the potential for wages driven by local economic conditions to be more important to dairy farm investment decisions than characteristics of dairy farms and farmers. The switching regression model developed from the theory is then tested with data from a representative sample of Wisconsin dairy farms. The econometric results demonstrate the importance of wages to farm investment decisions.

Keywords: Farm; Management (search for similar items in EconPapers)
Pages: 15
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ageconsearch.umn.edu/record/21185/files/sp06fo01.pdf (application/pdf)

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:ags:aaea06:21185

DOI: 10.22004/ag.econ.21185

Access Statistics for this paper

More papers in 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().