Crises and structural change in Australian agriculture

Datos Bibliográficos

ID9256038
AutoresStefan Mann (0000-0003-3654-8644, Agroscope, autor de correspondencia), Ben Freyen (0000-0002-5280-1382, University of Canberra), Benoit Freyens, Huong Dinh (0000-0001-8648-8171, Australian National University)
Año2017
Volumen75
Número1
Páginas76-87
Fecha de publicación2017-01-02
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaReview of Social Economy (JOURNAL)
Identificadores de la revistaISSN: 0034-6764 • E-ISSN: 1470-1162
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00346764.2016.1219383
OpenAlexW2518292663
IdiomaEN
Citas recibidas1
Referencias citadas27

We present a model of structural change in the farming sector in which natural and economic crises decrease farmers’ work satisfaction, farm profitability, and the decision to stay in farming. Using data from the Australian Regional Well-being survey, activity choice modeling, and a structural equation approach, we test the hypothesis that these crises-induced effects then cause structural change in Australian agriculture. We find that external shocks, such as drought or economic downturn, negatively affect farmers’ welfare, which in turn causes structural change through revised activity choices. Our empirical findings also indicate that specific adjustment strategies such as buying additional water titles or reducing input use are insufficient to mitigate adverse crises effects

Affect (linguistics) · Agriculture · Economics · Geography · Macroeconomics · Market economy · Profitability index · Public economics · Recession · Structural change · Structural equation modeling · Welfare · Work (physics) · Agricultural Economics and Policy · Agricultural risk and resilience · Economics of Agriculture and Food Markets · Finance · Psychology