The Influence of diversification on short-term and long-term viability in the Scottish and Swedish agricultural sector

Andrew P Barnes, Helena H. Hansson, Gordana Manevska-Tasevska, Shailesh Shrestha and Steven G Thomson

No 190937, Working Papers from Scotland's Rural College (formerly Scottish Agricultural College), Land Economy & Environment Research Group

Abstract: The long-term viability of farm businesses has been a stated goal for agricultural policy in most developed and developing economies. Recent investigations have found the level and type of diversification to be a significant factor in determining viability. This paper presents an index of short term and long term viability over the period 2000-2012 across Scotland and Sweden. Transition probabilities are presented using a balanced Markov chain approach. We find stability in both viable and non-viable farms over time, irrespective of policy and market change. A multinomial logistic regression finds the influence agaricultural diversification on determining higher levels of viability at the farm level.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 13
Date: 2014-12
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:srlewp:190937

DOI: 10.22004/ag.econ.190937

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