ON- AND OFF-FARM DIVERSIFICATION

The present paper brings together two strands of literature by analysing the interrelationship between on-farm and off-farm diversification econometrically. Estimation results from simultaneous bivariate probit models suggest that on-farm and off-farm diversification decisions are closely related. The degree of diversification is significantly lower for farms where the farm operator works off-the farm. On the other hand, the probability of entering into the off-farm labour market declines with the degree of diversification in farm production.


Subject(s):
Issue Date:
2001
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/20520
PURL Identifier:
http://purl.umn.edu/20520
Total Pages:
11
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2019-08-26

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