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Jette-Nantel, Simon; Freshwater, David; Beaulieu, Martin S.; Katchova, Ani L.. |
For a majority of farm families and operators in OECD countries, off-farm or non-farm occupations have become a significant source of income and a major determinant of their well being. This study investigates the use of off-farm employment as a risk management tool by farm operators. A two-part model is developed to estimate the impact of farm income risk on the decision to participate in the off-farm labour market and the level of off-farm employment income. Longitudinal farm level data for about 30,000 Canadian farms from 2001 to 2006 are used for this study. The variability of farm market revenue is found to positively affect the likelihood of off-farm work and the level of off-farm employment income, in particular for operators of larger commercial... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
Ano: 2010 |
URL: http://purl.umn.edu/56497 |
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