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Economic Risk And The Structural Characteristics Of Farm Businesses

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  • Barry, Peter J.
  • Escalante, Cesar L.
  • Bard, Sharon K.

Abstract

Using longitudinal panel farm-level data, this study finds that income variability may be materially influenced by farm size. Econometric results suggest that policy analyses and other considerations of the distributional effects of, and response to, income variability for commercial scale family farms may concentrate on farm size and other structural variables.

Suggested Citation

  • Barry, Peter J. & Escalante, Cesar L. & Bard, Sharon K., 2000. "Economic Risk And The Structural Characteristics Of Farm Businesses," 2000 Annual meeting, July 30-August 2, Tampa, FL 21778, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea00:21778
    DOI: 10.22004/ag.econ.21778
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    References listed on IDEAS

    as
    1. Purdy, Barry M. & Langemeier, Michael R. & Featherstone, Allen M., 1997. "Financial Performance, Risk, And Specialization," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(1), pages 1-13, July.
    2. Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economic Reports 34081, United States Department of Agriculture, Economic Research Service.
    3. Bryan Schurle & Mike Tholstrup, 1989. "Farm Characteristics and Business Risk in Production Agriculture," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 11(2), pages 183-188.
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    Cited by:

    1. Barry, Peter J. & Escalante, Cesar L. & Moss, Leeann E., 2002. "Rental Premiums For Share Versus Cash Leases," 2002 Annual meeting, July 28-31, Long Beach, CA 19684, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. El Benni, Nadja & Finger, Robert & Mann, Stefan, 2012. "The effect of agricultural policy change on income risk in Swiss agriculture," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122532, European Association of Agricultural Economists.
    3. Hisham S. El-Osta, 2018. "Strategies to Manage Risk and their Role in Impacting Economic Performance among Farm Households," Applied Economics and Finance, Redfame publishing, vol. 5(2), pages 49-64, March.
    4. Escalante, Cesar L. & Barry, Peter J., 2001. "Risk Balancing in an Integrated Farm Risk Management Plan," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 33(3), pages 413-429, December.
    5. Soliwoda, Michał & Kulawik, Jacek & Góral, Justyna, 2016. "Stabilizacja dochodów rolniczych. Perspektywa międzynarodowa, Unii Europejskiej i Polski," Village and Agriculture (Wieś i Rolnictwo), Polish Academy of Sciences (IRWiR PAN), Institute of Rural and Agricultural Development, vol. 3(172), January.
    6. Escalante, Cesar L. & Barry, Peter J. & Park, Timothy A. & Demir, Ebru, 2004. "Farm-Level And Macroeconomic Determinants Of Farm Credit Migration Rates," 2004 Annual meeting, August 1-4, Denver, CO 20227, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Escalante, Cesar L. & Park, Timothy A. & Barry, Peter J. & Demir, Ebru, 2002. "Determinants Of Farm Credit Migration Rates," 2002 Regional Committee NC-221, October 7-8, 2002, Denver, Colorado 132368, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    8. Durguner, Sena & Barry, Peter J. & Katchova, Ani L., 2006. "Farm Financial Performance from Borrower and Lender Perspectives," 2006 Annual meeting, July 23-26, Long Beach, CA 21199, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Escalante, Cesar L. & Barry, Peter J., 2001. "Farm-Level Evidence On The Risk Balancing Hypothesis From Illinois Grain Farms," 2001 Annual meeting, August 5-8, Chicago, IL 20617, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Zhao, Jianmei & Katchova, Ani L. & Barry, Peter J., 2004. "Testing The Pecking Order Theory And The Signaling Theory For Farm Businesses," 2004 Annual meeting, August 1-4, Denver, CO 20215, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Snider, Lindsey & Langemeier, Michael R., 2009. "A Long-Term Analysis of Changes in Farm Size and Financial Performance," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 45915, Southern Agricultural Economics Association.
    12. Tamirat, Aderajew AS & Trujillo-Barrera, Andres A. & Pennings, Joost M. E., 2018. "Do Profit Rates Converge? Evidence on the Persistence of Farm Profit in the Long-run," 2018 Annual Meeting, August 5-7, Washington, D.C. 273791, Agricultural and Applied Economics Association.
    13. Micheels, Eric & Barry, Peter, 2005. "How Midwestern Farmers Rate Risk Management Practices," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2005, pages 1-7.

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    Keywords

    Farm Management; Industrial Organization;

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