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The thesis of this paper is that diversification decisions may be described by a three-stage sequential framework. The framework begins with the choice between on-farm and off-farm investments and ends with the selection of activities that decision-makers believe would be more effective in addressing their needs. The paper tests this thesis using data collected from participants in an agritourism workshop in Kansas. The test begins at the framework’s second stage, where decision-makers decide between intensifying current operations to take advantage of scale and/or size economies, and diversifying to deploy slack resources in other businesses. The third stage involves the selection of alternative enterprises to meet decision-makers’ desired objectives. It is hypothesized that the second stage decision choice is defined by decision-makers’ demographic characteristics and their motivational factors. Demographic characteristics, such as age and education, also serve as proxies for decision-makers’ embedded capabilities. The results show that for this case study, all demographic characteristics but gender are statistically significant, with education exhibiting the highest positive impact on the decision to diversify at the second stage. Economics was also determined to be a positive motivating factor in the intention to choose marketing, tourism and fishing and hunting enterprises at the third stage. However, personal satisfaction was a positive motivating factor for all enterprises except fishing and hunting. The impact of community as a motivation for any of these enterprises was split. It was negative for marketing and positive for accommodation and food service and statistically insignificant for tourism and fishing and hunting. The study provides an empirical foundation for exploring the diversification decision process and choices among smallholder producers as well as challenging policymakers to carefully determine how these decisions and choices actually get made given people’s situations and characteristics.

Keywords: diversification ; agritourism ; value-added agriculture ; agricultural entrepreneurship

Editor(s): IFAMR, IFAMA

Subject(s): Agribusiness

Agricultural and Food Policy

Farm Management

Food Consumption/Nutrition/Food Safety

Livestock Production/Industries

Marketing

Issue Date: May 01 2013

Publication Type: Journal Article

DOI and Other Identifiers: The IFAMR (ISSN #: 1559-2448) (Other)

PURL Identifier: http://purl.umn.edu/148583 Published in: International Food and Agribusiness Management Review, Volume 16, Issue 2 Page range: 57-74

Total Pages: 17

JEL Codes: Q1; Q13; Q18; Q2; Q22; Q26

Note: The IFAMR is published quarterly by the International Food and Agribusiness Management Assocation. www.ifama.org

Series Statement: Volume 16

Issue 2

Record appears in: International Food and Agribusiness Management Association (IFAMA) > International Food and Agribusiness Management Review





Autor: Amanor-Boadu, Vincent

Fuente: http://ageconsearch.umn.edu/record/148583?ln=en







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