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2005-09-14
英文文献:Risk Management Through Enterprise Diversification: A Farm-Level Analysis
英文文献作者:Mishra, Ashok K.,El-Osta, Hisham S.
英文文献摘要:
Enterprise diversification is a self-insuring strategy used by farmers to protect against risk. This paper examines the impact of various farm, operator, and household characteristics on the level of on-farm diversification. Results provide evidence that larger farms are more specialized. Also, farmers who participate in off-farm income and farms located near urban areas are less likely to diversify. Additionally, results also show a significant positive relationship between diversification and farm/crop insurance and sole proprietorships. Finally, there is also evidence that farms that received government payments are more diversified than their counterparts.
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