Economic Sustainability and Multiple Risk Management Strategies: Examining Interlinked Decisions of Small American Farms

نویسندگان

چکیده

Economic viability of small farms and farming businesses depends on multiple factors. These have limited production financial resources to maintain their operation. Therefore, sustain farming, adopting appropriate risk management strategies is a pivotal decision for farmers. We surveyed Tennessee’s utilized multivariate probit models study factors influencing the adoption various strategies. Our findings suggest that decisions related are significantly interlinked. Along with representing operator’s age, education, farm income land holdings, we also found government incentives (payments), smartphones, farmers’ continuation plan influence strategic

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ژورنال

عنوان ژورنال: Sustainability

سال: 2021

ISSN: ['2071-1050']

DOI: https://doi.org/10.3390/su13041741