Participation in Agritourism and Off-farm Work: Do Small Farms Benefit?

Aditya Khanal, Ashok Mishra () and Krishna H. Koirala

No 162453, 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas from Southern Agricultural Economics Association

Abstract: Small farms face significant challenges using conventional crop production methods. They seek methods of generating alternative income both on- and off the farm. The literature considers these opportunities individually; however recent evidence shows that small farms engage in both activities simultaneously. This study analyzes factors influencing such choice decisions and their impact on farm and total household incomes. Using a large nation-wide farm survey data and selectivity based multinomial choice model, we found that small farms have higher household income if they chose a combination of both strategies rather than a single strategy. Additionally, education, age of the operator, financial conditions of the farm and location of the farm are important factors deriving alternative choice decisions for income diversifications.

Keywords: Agribusiness; Agricultural Finance; Farm Management; Labor and Human Capital; Production Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 28
Date: 2014-01
New Economics Papers: this item is included in nep-dcm and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea14:162453

DOI: 10.22004/ag.econ.162453

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