Search results

The purpose of this paper is to investigate the impact of internet usage on financial performance of small farm business households in the USA. In particular, the authors want to assess the impact of internet usage on small farm businesses, where the owner’s main occupation is farming. Using a nationwide farm-level data in the USA and a non-parametric matching estimator, the study finds a significant positive impact of internet usage on gross cash income, total household income, off-farm income. The study further suggests that small farm businesses receive benefits from internet usage as it facilitates reduction in income risk through off-farm income sources, as well as a reduction in marketing and storage costs; households’ non-farm transportation and vehicle leasing expenses.

In this study, the authors use the “nearest neighbors” matching method in treatment evaluation, developed by Abadie and Imbens (2002). In this method, a weighting index is applied to all observations and “nearest neighbors” are identified (Abadie et al., 2004). Although matching estimation through the nearest neighbor method does not require probit or logit model estimation per se, the authors have estimated a probit model because it allows the authors to check the balancing property and to analyze the association of included variables with the likelihood of internet use.

The study suggests that small farm business households using the internet are better off in terms of total household income and off-farm income. As compared to the control group (which is counterfactual, representation of small farm businesses not using the internet), small farm businesses using the internet earn about $24,000-$26,000 more in total household income and about $27,000-$28,000 more in off-farm income. Also, small farm businesses using the internet earn about $4,100-$4,900 more in gross cash farm income compared to their counterpart. The estimate of ATT for NFI is not different from zero. However, gross cash farm revenue increased significantly.

To this end internet can provide an important role in information gathering. Internet is one of the convenient means to access and exchange information. Information and communication facilitation through internet have opened up new areas of commerce, social networking, information gathering, and recreational activities beyond a geographical bound. Producers and consumers can take advantages of internet in both collaborative and competitive aspects in economic activities as it can reduce the information asymmetries among economic agents.

Farmers will seek assistance in interpreting data and applying information to their farming operations, via the internet. Therefore, it is essential that land grant universities continue to improve the delivery of electronic extension and provide information in a clear and concise manner.

Studies in farm households have mainly investigated factors influencing internet adoption, purchasing patterns through internet, internet use, and applications. In most cases, impact analyses of communication and information technologies such as internet in agricultural businesses are discussed with references to large scale farm businesses. Thus, the authors know very little about access to the internet when it comes to small farm businesses and small farm households and about how it impacts well-being of small farm households.

Nonfarm small businesses are an integral part of the US economy, and access to credit is crucial to their success. In rural America, a significant proportion of these businesses are owned by farm households. The purpose of this research is to compare farm households that operate a nonfarm business to other farm households as well as to rural and urban households operating a small business; and identify key factors that differentiate these businesses in their access to credit.

The paper uses a unique data set to draw comparisons between farm households (from Agricultural Resource Management Survey data) and rural and urban small businesses (from Survey of Small Business Finances data). Each of these data sets asks similar financial, demographic, and access to credit questions. Combining these data provide a unique way to analyze the financial health of farm households that operate nonfarm businesses.

The paper finds that farm households with a nonfarm business tend to have more household income and assets than other rural and urban small businesses and farm households without a nonfarm business. However, rural small business owners as well as farmers were able to access credit more freely than their urban counterparts.

Many studies have looked at the farmer's decision to work or invest off the farm. However, no study has considered the impact of owning a nonfarm business on the financial health and creditworthiness of a farm household.

Family farms, in which business and family life are intricately interwoven, offer an interesting context for better understanding the interdependence between the family and business system. Many family farms struggle to survive, and the succession process is a key period in which the low returns on investment become evident but also the emotional attachment of the family to the farm and the willingness to transfer the business to the next generation. We take the perspective of non-succeeding siblings since they are crucial for a successful succession but their role and position in this process is far from clear. This study will help to increase our knowledge of how fairness is perceived by non-successors and of the impact of perceived (in)justice on the family business system.

To analyze the effect on sibling relationships of an unequal outcome of the succession process, we choose the family farm context. We used interview data from multiple family members from several family farms in the Netherlands in different stages of succession. We utilized a framework based on justice theory to analyze perceptions of fairness among non-succeeding siblings. The central research question for this study is as follows: How do non-succeeding siblings perceive justice with regard to family firm succession?

The acceptance of the outcomes of the succession process by non-succeeding siblings is influenced by their perception of the fairness of the process itself and decisions made by the incumbent and successor with regard to these outcomes. It seems that stakeholders who occupy multiple roles with conflicting justice perspectives handle these contradictions with the help of an overarching goal—in this study, preserving the continuity of the family farm—and by prioritizing and adjusting the justice perspectives accordingly. The findings further show that both distributive justice and procedural justice are important and interact with each other.

Our study contributes to the literature by applying the theoretical framework of distributive and procedural justice to the context of family farm succession. This helps us to understand the position of non-succeeding siblings and their role and position in the succession process, which is important because sibling relationships have a significant impact on family harmony, with potential consequences for the business as well.

This study examines credit score migration rates of farm businesses, testing whether migration probabilities differ across business cycles. Results suggest that agricultural credit ratings are more likely to improve during expansions and deteriorate during recessions. The analysis also tests whether agricultural credit ratings depend on the previous period migration trends. The findings show that credit score ratings exhibit trend reversal where upgrades (downgrades) are more likely to be followed by downgrades (upgrades).

The purpose of this paper is to explore the use of social, cultural and symbolic capital alongside economic capital, according to Pierre Bourdieu, in small family businesses. The paper demonstrates that social, cultural and symbolic capital, play an important role in maintaining the family farm business and ensuring its survival.

Ethnographic case studies were selected using theoretical sampling techniques and a variety of data collection tools were used, interviews and participant observation, to construct the contextual and historical elements of each case.

The results, though highly case specific, indicate that: social networks (social capital) are important to farmers and their families, and these networks have been weakened over the years. Knowledge transfer is crucial to successful succession in the family business and as such cultural capital (knowledge, skills, qualifications, etc.) is retained within the business and accumulated from wider fields through educational qualifications. Symbolic capital is highly important to farmers and their families and could enlighten family business researchers as to why family farm businesses manage to survive the transition from one generation to the next.

This paper provides insights into how family businesses use non-economic resources to pursue survival strategies. It also demonstrates the importance of exploring all family members, however small their contribution is to the business. The paper highlights how the different relationships between family members enable and hinder capital usage in the family farm business.

This paper explores family farm businesses from a sociological perspective to shed light on how they survive passing between generations, unlike many other family-owned businesses.

The purpose of the paper is to present a case example of the power struggles and gender issues one daughter faced when she became a partner, and future successor, in the family business. This paper uses an ethnographic approach in order to study a small family farm in England. The case focuses on a small family farm, these businesses are unique in terms of their values and expectations for succession (Haberman and Danes, 2007), and identified by Wang (2010) as a fruitful avenue for research on daughter succession.

The empirical work was gathered through the use of a single site ethnographic case study involving participant observation as the researcher worked on the family farm and semi-structured interviews with family members over two years.

The results shed light on some of the social complexities of small family farms and power struggles within the family exacerbated by perceived gender issues. The work also highlights the potential threat to the daughter’s position as a partner, from her father’s favouritism of male employees.

Institutions that provide help to family farm businesses need to be aware of the potential power issues within the family specifically related to gender, particularly in terms of succession planning.

Using ethnography in family firms allows the researcher to be a part of the real-life world of family farmers, providing rich data to explore daughter succession.

The purpose of this paper is to present an account of a Farm Support Project in Cornwall which provides support, advice and an outreach facility for farmers in the Penwith district of Cornwall. It also discusses how effective such schemes are, particularly in an external environment which poses threats to the farm sector in the UK. Three kinds of questions about the nature of farming and the status of farmers are posed. The first set of questions includes polarisations about the hegemonic position of farmers. Second, macro‐economic, and thus policy, questions concerning the economic “footprint” of the farmer and the farm's relationship with the economy are posed in Cornwall. The third set of questions concerns the economic role and entrepreneurial capability of the farmer in Cornwall.

A desk study of the scheme's objectives, a literature review, and interviews with 27 stakeholders were reported on specifically the results of the interviews.

The Penwith Scheme encompasses an integrated approach to providing business support to farmers including: sign‐posting specialist advisers, the facilitation of training assistance with major grant applications, the development of “social capital” through to help in accessing sources of social support.

Farm Cornwall is a unique example of support to farmers. Replication of such a scheme across other rural regions and indeed other business sectors is possible and desirable but would require a full appraisal of the efficacy of regional and local business support to rural business.

Policy and practical implications for this scheme and others are described.

The novel aspect of the paper is that it describes a useful business support mechanism which has utility for a range of stakeholders involved in supporting the development of rural enterprises.

This paper aims to explore the literature on vertical farming to define key elements to outline a business model for entrepreneurs. The research aims to stimulate entrepreneurship for vertical farming in a smart cities' context, recognising urban agriculture as technology to satisfy increasing food needs.

The research conducts a structured literature review on 186 articles on vertical farming extracted from the Scopus. Moreover, the bibliometric analysis revealed the descriptive statistics on this field and the main themes through the authors' keywords.

Different perspectives showed the multidisciplinary nature of the topic and how the intersection of different skills is necessary to understand the subject entirely. The keywords analysis allowed for identifying the topics covered by the authors and the business model's elements.

The research explores a topic in the embryonic stage to define key strands of literature. It provides business model insights extending George and Bock's (2011) research to stimulate entrepreneurship in vertical farming. Limitations arise from the sources used to develop our analysis and how the topic appears as a frontier innovation.

Originality is the integration of literature strands related to vertical farming, highlighting its multidisciplinary nature to provide a holistic understanding of the themes. In smart cities' context, innovations allow traditional business models to be interpreted in a novel perspective and revealed the elements for transforming vertical farming from innovative technology to an effective source of food sustenance. Finally, the paper suggests a new methodology application for the analysis of word clusters by integrating correspondence analysis and multidimensional scaling analysis.

The aim of this paper is to investigate technical, scale, allocative and economic efficiencies by data envelopment analysis (DEA) and stochastic frontier methods to provide a decision‐making tool and managerial implications in the measurement of farm business performance and efficiency.

Technical, scale, allocative and economic efficiencies are analyzed with the Farm Accountancy Data Network (FADN) sample for 13 farm business branches in Slovenia in the period 1994‐2003. DEA models are used with an output‐orientation, three outputs and four inputs. The non‐parametric DEA estimations are compared with a parametric stochastic frontier approach. The cluster analysis is used to identify three different farm business groups according to their performance.

The average technical, scale, allocative and economic efficiencies for the whole FADN sample over the analyzed period are relatively high (around or over 0.90), suggesting that, although the FADN sample contains very different farms, the latter have similar management practices, and are similarly able to make the best use of the existing technology. Five farm branches (crop, dairy, livestock using own feed, fruit, and forestry) are fully efficient with respect to all four analyzed efficiency measures, suggesting that these specializations have the best chance to compete on the European and world markets.

Studies of technical, scale, allocative and economic efficiencies are rare for transitional farm businesses, especially in Slovenia. The research contributes to the crucial issue of whether small family farm businesses might be able to compete on international markets, as Slovenian agriculture is characterized by such structures.

This exploratory study combines three theoretical approaches to investigate why farmers start additional business activities: the rural sociology perspective, the opportunity perspective and the resource‐based perspective – as applied within entrepreneurship research. Building on in‐depth interviews of respondents from Norwegian farm households, three types of entrepreneurs were identified: the pluriactive farmer, the resource exploiting entrepreneur and the portfolio entrepreneur. These entrepreneurial types differed in regard to their basic motivation and objectives for start‐up, the source of their business ideas, the basis of competitive position and the connectivity between the new business and the farm, as well as in several other ways.