Agricultural and Biological Sciences
4 years ago

Small farms thrive with off-farm jobs, boosting household income and efficiency.

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RePEc: Research Papers in Economics
OFF-FARM INCOME, TECHNOLOGY ADOPTION, AND FARM ECONOMIC PERFORMANCE
Jorge Fernandez‐Cornejo, Ashok K. Mishra, Richard F. Nehring, Chad Hendricks, Malaya Southern, Alexandra Gregory

Paper Summary

Farm households in the US rely on both onfarm and off-farm income. Smaller farms benefit from off-farm work to improve economic performance. Off-farm employment decreases farm efficiency but increases household efficiency. Using time-saving agricultural innovations leads to higher off-farm income.

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