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The Impact of Diversification. on Farm-Risk

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  • Zenger, Sheldon
  • Schurle, Bryan

Abstract

Using farm data, this study estimates the relationship between income and variability of income. The affect of diversification and other farm characteristics on income variability is also investigated. Gross farm income, acres per operator, taxable nonfarm income, and machinery investment per acre were significantly related to variability of net income.

Suggested Citation

  • Zenger, Sheldon & Schurle, Bryan, 1981. "The Impact of Diversification. on Farm-Risk," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279456, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279456
    DOI: 10.22004/ag.econ.279456
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    File URL: https://ageconsearch.umn.edu/record/279456/files/aaea-1981-170.pdf
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    References listed on IDEAS

    as
    1. Rulon D. Pope & Richard Prescott, 1980. "Diversification in Relation to Farm Size and Other Socioeconomic Characteristics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 554-559.
    2. Earl O. Heady, 1952. "Diversification in Resource Allocation and Minimization of Income Variability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 34(4), pages 482-496.
    3. Pachta, Jim & Schurle, Bryan, 1980. "A study of farm wheat-yield variability," WAEA/ WFEA Conference Archive (1929-1995) 291646, Western Agricultural Economics Association.
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    Cited by:

    1. Schurle, Bryan W., 1990. "Business Risk Economies Of Size: Evidence And Implications," 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida 271541, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    2. Schurle, Bryan W. & Williams, Jeffery R., 1982. "Application of Stochastic Dominance Criteria to Farm Data," 1982 Annual Meeting, August 1-4, Logan, Utah 279463, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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    Keywords

    Risk and Uncertainty;

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