The influence of diversification on long-term viability of the agricultural sector

AP Barnes*, H Hansson, G Manevska-Tasevska, S Shrestha, SG Thomson

*Corresponding author for this work

Research output: Contribution to journalArticle

26 Citations (Scopus)
16 Downloads (Pure)

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.
Original languageEnglish
Pages (from-to)404 - 412
JournalLand Use Policy
Volume49
DOIs
Publication statusPrint publication - 2015

Fingerprint

Diversification
Viability
Agricultural sector
Farm
Transition probability
Factors
Scotland
Agricultural policy
Markov chain
Multinomial logistic regression
Sweden
Developing economies

Bibliographical note

1023376
1023354

Keywords

  • Farm viability
  • Markov chain
  • Multinomial regression
  • Rural development policy

Cite this

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The influence of diversification on long-term viability of the agricultural sector. / Barnes, AP; Hansson, H; Manevska-Tasevska, G; Shrestha, S; Thomson, SG.

In: Land Use Policy, Vol. 49, 2015, p. 404 - 412.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The influence of diversification on long-term viability of the agricultural sector

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AU - Hansson, H

AU - Manevska-Tasevska, G

AU - Shrestha, S

AU - Thomson, SG

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KW - Multinomial regression

KW - Rural development policy

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