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- W1569475674 abstract "ANGUSJournal ■ 217 E managing land, water, machinery and other inputs — as well as adopting new technologies and production practices — can help ensure the success of a farm business and the economic well-being of a farm household. Yet farm operators and their household members are increasingly relying on offfarm employment to improve their bottom lines. While contributing to the economic wellbeing of farm households, off-farm jobs compete with on-farm responsibilities for managerial time, which, in turn, may affect the economic performance of the farm business. Consequently, time-saving benefits are driving the decisions of certain farm operator households to adopt new technologies and practices. In addition to sustaining growth in agricultural productivity and ensuring an abundance of food and fiber, adopting innovative farm technologies also changes the way farm households regard employment choices. A recent Economic Research Service (ERS) study finds the adoption of time-saving technologies, such as herbicide-tolerant (HT) soybeans, is associated with higher off-farm incomes (see “Modeling Off-Farm Income and Technology Adoption”). On the other hand, the adoption of timeintensive technologies such as precision farming is more closely associated with lower off-farm incomes. These findings confirm a tradeoff between the time spent on farm and off-farm activities, which, in turn, translates into a tradeoff between expanding farm operations and increasing off-farm incomegenerating activities." @default.
- W1569475674 created "2016-06-24" @default.
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- W1569475674 date "2007-02-01" @default.
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- W1569475674 title "Farmers Balance Off-Farm Work and Technology Adoption" @default.
- W1569475674 doi "https://doi.org/10.22004/ag.econ.125565" @default.
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