Farm asset portfolios impact competitiveness and risk-efficiency, changing farm investments forever.
The study looked at how different types of farms manage their assets to stay competitive and reduce risks. They used data from farms in Southwestern Minnesota to analyze how farm profitability affects investment choices. The results showed that the way farms categorize their assets has a big impact on their competitiveness compared to financial assets. While off-farm income plays a role in portfolio selection, its influence varies among different types of farms.