The impact of socio-economic factors and incentives on farmers' inestment behaviour

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

The impact of socio-economic factors and incentives on farmers' inestment behaviour. / Olsen, Jakob Vesterlund; Lund, Mogens.

In: Acta Agriculturae Scandinavica. Section C. Food Economics, Vol. 8, No. 3, 2011, p. 173-185.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Olsen, JV & Lund, M 2011, 'The impact of socio-economic factors and incentives on farmers' inestment behaviour', Acta Agriculturae Scandinavica. Section C. Food Economics, vol. 8, no. 3, pp. 173-185. https://doi.org/10.1080/16507541.2011.642501

APA

Olsen, J. V., & Lund, M. (2011). The impact of socio-economic factors and incentives on farmers' inestment behaviour. Acta Agriculturae Scandinavica. Section C. Food Economics, 8(3), 173-185. https://doi.org/10.1080/16507541.2011.642501

Vancouver

Olsen JV, Lund M. The impact of socio-economic factors and incentives on farmers' inestment behaviour. Acta Agriculturae Scandinavica. Section C. Food Economics. 2011;8(3):173-185. https://doi.org/10.1080/16507541.2011.642501

Author

Olsen, Jakob Vesterlund ; Lund, Mogens. / The impact of socio-economic factors and incentives on farmers' inestment behaviour. In: Acta Agriculturae Scandinavica. Section C. Food Economics. 2011 ; Vol. 8, No. 3. pp. 173-185.

Bibtex

@article{127cf83846334d139fa411c926862afa,
title = "The impact of socio-economic factors and incentives on farmers' inestment behaviour",
abstract = "This article investigates how socio-economic factors and incentives affect farmers{\textquoteright} investment behaviour. The motivation is a need for a better quantitative knowledge of investment behaviour in order to support farmers{\textquoteright} investment decisions through extension services and public investment support schemes. Data from a questionnaire survey among 208 Danish pig producers are analysed by use of logistic regression and the relationships between socio-economic factors, investment incentives and farmers{\textquoteright} investment behaviour are empirically revealed. The results show that the farmers who rank economic incentives as the most important when making investments are those who yield the best financial results. Off-farm income and partial productivity were also higher on these farms. As hypothesised, young farmers with a large production are more likely to invest in real assets than others. No cross sectional trends relating the incentives for making investments to the investment propensity were identified. One important policy implication of the results is that improved knowledge of the socio-economic factors and their influence on investment behaviour and incentives may reduce the deadweight loss associated with many governmental investment programmes.",
author = "Olsen, {Jakob Vesterlund} and Mogens Lund",
year = "2011",
doi = "10.1080/16507541.2011.642501",
language = "English",
volume = "8",
pages = "173--185",
journal = "Acta Agriculturae Scandinavica. Section C. Food Economics",
issn = "1650-7541",
publisher = "Taylor & Francis",
number = "3",

}

RIS

TY - JOUR

T1 - The impact of socio-economic factors and incentives on farmers' inestment behaviour

AU - Olsen, Jakob Vesterlund

AU - Lund, Mogens

PY - 2011

Y1 - 2011

N2 - This article investigates how socio-economic factors and incentives affect farmers’ investment behaviour. The motivation is a need for a better quantitative knowledge of investment behaviour in order to support farmers’ investment decisions through extension services and public investment support schemes. Data from a questionnaire survey among 208 Danish pig producers are analysed by use of logistic regression and the relationships between socio-economic factors, investment incentives and farmers’ investment behaviour are empirically revealed. The results show that the farmers who rank economic incentives as the most important when making investments are those who yield the best financial results. Off-farm income and partial productivity were also higher on these farms. As hypothesised, young farmers with a large production are more likely to invest in real assets than others. No cross sectional trends relating the incentives for making investments to the investment propensity were identified. One important policy implication of the results is that improved knowledge of the socio-economic factors and their influence on investment behaviour and incentives may reduce the deadweight loss associated with many governmental investment programmes.

AB - This article investigates how socio-economic factors and incentives affect farmers’ investment behaviour. The motivation is a need for a better quantitative knowledge of investment behaviour in order to support farmers’ investment decisions through extension services and public investment support schemes. Data from a questionnaire survey among 208 Danish pig producers are analysed by use of logistic regression and the relationships between socio-economic factors, investment incentives and farmers’ investment behaviour are empirically revealed. The results show that the farmers who rank economic incentives as the most important when making investments are those who yield the best financial results. Off-farm income and partial productivity were also higher on these farms. As hypothesised, young farmers with a large production are more likely to invest in real assets than others. No cross sectional trends relating the incentives for making investments to the investment propensity were identified. One important policy implication of the results is that improved knowledge of the socio-economic factors and their influence on investment behaviour and incentives may reduce the deadweight loss associated with many governmental investment programmes.

U2 - 10.1080/16507541.2011.642501

DO - 10.1080/16507541.2011.642501

M3 - Journal article

VL - 8

SP - 173

EP - 185

JO - Acta Agriculturae Scandinavica. Section C. Food Economics

JF - Acta Agriculturae Scandinavica. Section C. Food Economics

SN - 1650-7541

IS - 3

ER -

ID: 37811132