@article{Amanor-Boadu:148583,
      recid = {148583},
      author = {Amanor-Boadu, Vincent},
      title = {Diversification Decisions in Agriculture: The Case of  Agritourism in Kansas},
      journal = {International Food and Agribusiness Management Review},
      address = {2013-05-01},
      number = {1030-2016-82820},
      series = {Volume 16},
      pages = {17},
      month = {May},
      year = {2013},
      note = {The IFAMR is published quarterly by the International Food  and Agribusiness Management Assocation. www.ifama.org},
      abstract = {The thesis of this paper is that diversification decisions  may be described by a three-stage sequential framework. The  framework begins with the choice between on-farm and  off-farm investments and ends with the selection of  activities that decision-makers believe would be more  effective in addressing their needs. The paper tests this  thesis using data collected from participants in an  agritourism workshop in Kansas. The test begins at the  framework’s second stage, where decision-makers decide  between intensifying current operations to take advantage  of scale and/or size economies, and diversifying to deploy  slack resources in other businesses. The third stage  involves the selection of alternative enterprises to meet  decision-makers’ desired objectives. It is hypothesized  that the second stage decision choice is defined by  decision-makers’ demographic characteristics and their  motivational factors. Demographic characteristics, such as  age and education, also serve as proxies for  decision-makers’ embedded capabilities.  The results show  that for this case study, all demographic characteristics  but gender are statistically significant, with education  exhibiting the highest positive impact on the decision to  diversify at the second stage.  Economics was also  determined to be a positive motivating factor in the  intention to choose marketing, tourism and fishing and  hunting enterprises at the third stage.  However, personal  satisfaction was a positive motivating factor for all  enterprises except fishing and hunting. The impact of  community as a motivation for any of these enterprises was  split.  It was negative for marketing and positive for  accommodation and food service and statistically  insignificant for tourism and fishing and hunting. The  study provides an empirical foundation for exploring the  diversification decision process and choices among  smallholder producers as well as challenging policymakers  to carefully determine how these decisions and choices  actually get made given people’s situations and  characteristics.},
      url = {http://ageconsearch.umn.edu/record/148583},
      doi = {https://doi.org/10.22004/ag.econ.148583},
}