OFF-FARM INCOME, TECHNOLOGY ADOPTION, AND FARM ECONOMIC PERFORMANCE

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dc.creatorFernandez-Cornejo, Jorge
dc.creatorMishra, Ashok K.
dc.creatorNehring, Richard F.
dc.creatorHendricks, Chad
dc.creatorSouthern, Malaya
dc.creatorGregory, Alexandra
dc.date2017-04-01T16:50:34Z
dc.date.accessioned2026-07-09T02:49:58Z
dc.descriptionThe economic well-being of most U.S. farm households depends on income from both onfarm and off-farm activities. Consequently, for many farm households, economic decisions (including technology adoption and other production decisions) are likely to be shaped by the allocation of managerial time among such activities. While time allocation decisions are usually not measured directly, we observe the outcomes of such decisions, such as onfarm and off-farm income. This report finds that a farm operator’s off-farm employment and off-farm income vary inversely with the size of the farm. Operators of smaller farm operations improve their economic performance by compensating for the scale disadvantages of their farm business with more off-farm involvement. Off-farm work reduces farm-level technical efficiency, but increases household-level technical efficiency. And adoption of agricultural innovations that save managerial time is associated with higher off-farm income.
dc.identifierdoi:10.22004/ag.econ.7234
dc.identifierhttps://ageconsearch.umn.edu/record/7234/files/er070036.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/7234
dc.identifier.urihttp://hdl.handle.net/123456789/520958
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/7234
dc.titleOFF-FARM INCOME, TECHNOLOGY ADOPTION, AND FARM ECONOMIC PERFORMANCE
dc.typeText

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