IDEAS home Printed from https://ideas.repec.org/p/ags/aaea15/205423.html
   My bibliography  Save this paper

Investigating the Impact of Farm Characteristics, Socioeconomic Characteristics and of the Single Farm Payment on the Viability of Farms: The Case of Greece

Author

Listed:
  • Vassalos, Michael
  • Karanikolas, Pavlos
  • Li, Yingbo

Abstract

This study utilized a Bayesian ordered probit formulation and ten years (2001-2010) of farm level data, obtained from the Farm Accountancy Network, to identify factors that influence the economic viability of farms in Greece. The findings indicate that decoupled payments increase the probability of farms being classified as economically viable. Moreover, the results highlight that a transition towards horticulture and livestock production will increase the probability that farms are classified as viable. Lastly, non-viability is directly related to the age of the farm manager.

Suggested Citation

  • Vassalos, Michael & Karanikolas, Pavlos & Li, Yingbo, 2015. "Investigating the Impact of Farm Characteristics, Socioeconomic Characteristics and of the Single Farm Payment on the Viability of Farms: The Case of Greece," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205423, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea15:205423
    DOI: 10.22004/ag.econ.205423
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/205423/files/AAEA15.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.205423?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Smale, Melinda & Saupe, William E. & Salant, Priscilla, 1986. "Farm Family Characteristics and the Viability of Farm Households in Wisconsin, Mississippi, and Tennessee," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 38(2), pages 1-17.
    2. Lawrence E. Shepard & Robert A. Collins, 1982. "Why Do Farmers Fail? Farm Bankruptcies 1910–78," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 609-615.
    3. Josep Argiles, 2001. "Accounting information and the prediction of farm non-viability," European Accounting Review, Taylor & Francis Journals, vol. 10(1), pages 73-105.
    4. Coppola, Adele & Scalera, Domenico & Tosco, Domenico, 2013. "Economic profitability and long-term viability in Italian agriculture," Politica Agricola Internazionale - International Agricultural Policy, Edizioni L'Informatore Agrario, vol. 2013(1), March.
    5. Barnes, Andrew Peter & Hansson, Helena & Manevska-Tasevska, Gordana & Shrestha, Shailesh & Thomson, Steven, 2014. "The Influence of diversification on short-term and long-term viability in the Scottish and Swedish agricultural sector," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182654, European Association of Agricultural Economists.
    6. Josep Argilés & E. Slof, 2003. "The use of financial accounting information and firm performance: an empirical quantification for farms," Accounting and Business Research, Taylor & Francis Journals, vol. 33(4), pages 251-273.
    7. Tomaszewski, M. A. & van Asseldonk, M. A. P. M. & Dijkhuizen, A. A. & Huirne, R. B. M., 2000. "Determining farm effects attributable to the introduction and use of a dairy management information system in The Netherlands," Agricultural Economics, Blackwell, vol. 23(1), pages 79-86, June.
    8. Dean W. Hughes & James W. Richardson & M. Edward Rister, 1985. "Effects of Sustained Financial Stress on the Financial Structure and Performance of the Farm Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(5), pages 1116-1122.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Poczta-Wajda, Agnieszka, 2020. "Economic Viability Of Family Farms In Europe – A Literature Review," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2020(4).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jindrich Spicka & Tomas Hlavsa & Katerina Soukupova & Marie Stolbova, 2019. "Approaches to estimation the farm-level economic viability and sustainability in agriculture: A literature review," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(6), pages 289-297.
    2. Iraizoz, Belen & Gorton, Matthew & Davidova, Sophia, 2007. "Segmenting farms for analysing agricultural trajectories: A case study of the Navarra region in Spain," Agricultural Systems, Elsevier, vol. 93(1-3), pages 143-169, March.
    3. Argilés bosch, Josep M.a & Aliberch, Anna Sabata & Blandón, Josep García, 2012. "A Comparative Study of Difficulties in Accounting Preparation and Judgement in Agriculture Using Fair Value and Historical Cost for Biological Assets Valuation," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 15(1), pages 109-142.
    4. Stefani, Gianluca & Gadanakis, Yiorgos & Lombardi, Ginevra Virginia & Tiberti, Marco, 2017. "The impact of financial leverage on farms capacity to react in market shocks," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261156, European Association of Agricultural Economists.
    5. Phillips, James & Harsh, Stephen, 1987. "Use of Expert Systems in Agricultural Economics: An Expert System Application to the Financial Analysis of Lender Case Farm Records," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 337275, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Geoffroy Enjolras & Philippe Madiès, 2020. "The role of bank analysts and scores in the prediction of financial distress: Evidence from French farms," Economics Bulletin, AccessEcon, vol. 40(4), pages 2978-2993.
    7. Coronese, Matteo & Occelli, Martina & Lamperti, Francesco & Roventini, Andrea, 2023. "AgriLOVE: Agriculture, land-use and technical change in an evolutionary, agent-based model," Ecological Economics, Elsevier, vol. 208(C).
    8. Lakner, Sebastian & Kirchweger, Stefan & Hoop, Daniel & Brümmer, Bernhard & Kantelhardt, Jochen, 2015. "Impact of diversification on technical efficiency of organic farming in Switzerland, Austria and Southern Germany," DARE Discussion Papers 1508, Georg-August University of Göttingen, Department of Agricultural Economics and Rural Development (DARE).
    9. Key, Nigel D. & Roberts, Michael J., 2007. "Commodity Payments, Farm Business Survival, and Farm Size Growth," Economic Research Report 55968, United States Department of Agriculture, Economic Research Service.
    10. Key, Nigel D. & Roberts, Michael J., 2005. "Do Government Payments Influence Farm Business Survival?," 2005 Annual meeting, July 24-27, Providence, RI 19248, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Malgorzata Wegrzynska & Alina Nowotarska, 2021. "Measuring and Valuation of Biological Assets: A Research Study," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 331-345.
    12. Jacek Kulawik & Michał Soliwoda & Agnieszka Kurdyś-Kujawska & Justyna Herda-Kopańska & Cezary Klimkowski, 2023. "Cost of Energy Consumption and Return of Excise Tax on Motor Fuels vs. the Durability of Operations and Financial Sustainability in Polish Agriculture," Energies, MDPI, vol. 17(1), pages 1-22, December.
    13. Roberts, Michael J. & Key, Nigel D., 2006. "Government Payments and Farmland Concentration," 2006 Annual meeting, July 23-26, Long Beach, CA 21097, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Nixon, Clair J. & Richardson, James W., 0. "Implications Of Tax Policy Changes For Agriculture, Rural Communities, And Businesses," Increasing Understanding of Public Problems and Policies, Farm Foundation.
    15. Swanepoel, D. S., 1996. "Causes Of Maize Farm Bankruptcy In South Africa: 1970- 1994," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    16. Hodelin, Reynaldo Senra, 2022. "Statistical disclosure and economic growth: What is the nexus?," World Development, Elsevier, vol. 160(C).
    17. Tweeten, Luther, 1990. "Government Commodity Program Impacts On Farm Numbers," 1990 Conference, January 6-9, Albuquerque, New Mexico 260179, Regional Research Committe NC-181: Determinants of Farm Size and Structure.
    18. Eric C. Davis & Ani L. Katchova, 2020. "The Impact of Bank Deregulations on Farm Financial Stress and Stability," Sustainability, MDPI, vol. 12(4), pages 1-14, February.
    19. Josep Argilés & E. Slof, 2003. "The use of financial accounting information and firm performance: an empirical quantification for farms," Accounting and Business Research, Taylor & Francis Journals, vol. 33(4), pages 251-273.
    20. Dixon, Bruce L. & Ma, Nan & Ahrendsen, Bruce L. & Settlage, Latisha A. & Stam, Jerome M., 2002. "Factors Affecting Chapter 12 Bankruptcy Filings in the United States: A Panel Data Model," 2002 Regional Committee NC-221, October 7-8, 2002, Denver, Colorado 132366, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.

    More about this item

    Keywords

    Agribusiness; Farm Management;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea15:205423. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.