Farming Exit Decision by Age Group: Analysis of Tobacco Buyout Impact in Kentucky

This article analyzes factors that affected the decision to exit tobacco production in the wake of the tobacco buyout program using the data collected through a survey of Kentucky tobacco farmers. Using the Heuristic logistic regression model, we find that the decision to exit tobacco growing was affected by efficiency considerations, availability of off-farm employment, and exit barriers. Availability of off-farm employment had the strongest effect on farmers younger than 46, while the effect of variables measuring efficiency and exit barriers seemed to be more uniform across age groups. Based on the results we suggest several policy interventions.

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Journal Article
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Journal of Agricultural and Applied Economics, Volume 41, Number 3
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JEL Codes:
C25; D21; E24; J00; J11; J24; J43; Q18; R23

 Record created 2017-04-01, last modified 2018-01-22

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