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Cited by 18Agricultural risk and resilienceAgricultural economics and policiesAgricultural Innovations and Practices

The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.

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

Open access
Adhikari, Sudip, Khanal, Aditya R.·2021·Sustainability
DOI 10.3390/su13041741
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Abstract

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

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Crossref · 10.3390/su13041741

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Figure 1 Farms involved in at least one risk management strategies: crop/livestock diversification, Alternative farm enterprises, off-farm work, or Insurance, Tennessee, 2017 (Source: Primary surFigure 1. Farms involved in at least one risk management strategies: crop/livestock diversification, Alternative farm enterprises, off-farm work, or Insurance, Tennessee, 2017 (Source: Primary survey).
Figure 1 Farms involved in at least one risk management strategies: crop/livestock diversification, Alternative farm enterprises, off-farm work, or Insurance, Tennessee, 2017 (Source: Primary surFigure 1. Farms involved in at least one risk management strategies: crop/livestock diversification, Alternative farm enterprises, off-farm work, or Insurance, Tennessee, 2017 (Source: Primary survey).CC-BY · From the PDF

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Research works printed but not linked: 2

  1. Martin, 1996, Risk management strategies in New Zealand agriculture, horticulture, Rev. Market. Agric. Econ., 64, 31
  2. Train, K.E. (2009). Discrete Choice Methods with Simulation, Cambridge University Press.

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Metadata

Authors
Adhikari, S., & Khanal, A. R.
Affiliations
Tennessee State University (US)
Corresponding author
Khanal, Aditya R.
ORCID
Venue
Sustainability
Publisher
MDPI AG
Published
2021-02-05
Volume
13
Issue
4
Pages
1741
ISSN
2071-1050 (ISSN-L)
DOI
10.3390/su13041741
OpenAlex
W3127951366
Cited by
18
References
44
Citations by year
2026: 4 · 2025: 6 · 2024: 4 · 2023: 1 · 2022: 3
FWCI
1.17
Type
journal article
Language
en
Open access
Licence
Locations
  • Sustainability (publishedVersion, cc-by)
  • RePEc: Research Papers in Economics (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
Funders
National Institute of Food and Agriculture (TENX-2031-GFSHPP, accn# 1021233; TENX-2017-07536, accn# 1015009)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Agricultural risk and resilience
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Agricultural economics and policies
  • Life Sciences › Agricultural and Biological Sciences › General Agricultural and Biological Sciences › Agricultural Innovations and Practices
Keywords
small farms, agricultural risk management, economic sustainability, farmer characteristics, government payments, smartphones

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