English, Article edition: Off-farm income and farm capital accumulation: a farm-level analysis Carl J. Lagerkvist; Karin Larsen; Kent D. Olson

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Bookmark: http://trove.nla.gov.au/version/22348
Physical Description
  • article
Language
  • English

Edition details

Title
  • Off-farm income and farm capital accumulation: a farm-level analysis
Author
  • Carl J. Lagerkvist
  • Karin Larsen
  • Kent D. Olson
Physical Description
  • article
Notes
  • An intertemporal model in which farm capital accumulation and work choices by a single-agent farm household are interdependent is developed and tested using a farm-level data set. Estimation is done using a recursive two-step simultaneous censored equations model. The results of this study are of relevance for an understanding of structural change within the agricultural sector as they point toward the emergence of a dual farming structure and rigidity in off-farm work adjustments. Our findings suggest that off farm income reliance is associated with a farm asset disinvestment strategy, that there is rigidity in off farm income reliance, and that factors explaining farm capital growth indirectly affect the off farm reliance.
  • Agricultural sector, Human capital, Investment, Off-farm work
  • RePEc:eme:afrpps:v:67:y:2007:i:2:p:241-257
Language
  • English
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