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Farm Household Income and On- and Off-Farm Diversification

Published online by Cambridge University Press:  28 April 2005

Kevin T. McNamara  and
Christoph Weiss
Kevin T. McNamara
Affiliation:
Department of Agricultural Economics, Purdue University, West Lafayette, IN
Christoph Weiss
Affiliation:
Department of Economics, Vienna University of Economics and B.A., Vienna, Austria
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Abstract

The paper analyzes the relationship between off-farm labor allocation and on-farm enterprise diversification as farm household income stabilization strategies with census data from the federal state of Upper Austria, Austria. The results suggest that both on-farm diversification and off-farm labor allocation are related to farm and household characteristics. Larger farms tend to be more diversified. Younger farmers are more likely to work off-farm. Larger farm households tend to allocate more labor to off-farm income activities.

Keywords

enterprise diversificationfarm income riskoff-farm incomeJ20O13Q12Q19R19
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 37 , Issue 1 , April 2005 , pp. 37 - 48
Copyright
Copyright © Southern Agricultural Economics Association 2005

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