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Conference paper2014Peer reviewed

The Influence of diversification on short-term and long-term viability in the Scottish and Swedish agricultural sector

Barnes, Andrew; Hansson, Helena; Manevska Tasevska, Gordana; Shrestha, Shailesh; Thomson, Steven

Abstract

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.

Published in

Title: Agri-food and rural innovations for healthier societies : 14th Congress of European Association of Agricultural Economists - EAAE 2014, Ljubljana, Slovenia, August 26-29, 2014
ISBN: 9789616204668
Publisher: EAAE

Conference

European Association of Agricultural Economists.