Details
| Original language | English |
|---|---|
| Pages (from-to) | 217-236 |
| Number of pages | 20 |
| Journal | Quarterly Journal of International Agriculture |
| Volume | 52 |
| Issue number | 3 |
| Publication status | Published - 2013 |
Abstract
This paper analyses investments of some 2000 farm households in rural villages in three provinces of Northeast Thailand. We use a multinomial logit model to analyse the determinants of different types of investments in agriculture as well as small scale enterprises and a hurdle model to investigate the intensity of investments in agriculture. Results show that only 30% of rural households undertake investments and most investments made are small. Only households with larger land sizes tend to invest and wealthier households are more likely to invest larger amounts. Female headed households, those with older household heads as well as households in remote areas invest less. Access to finance increases the probability of investing in small scale enterprises, but does not influence agricultural investments. Households with larger investments in agriculture tend to not invest in non-farm activities. The paper demonstrates implications for rural development and agricultural policy in Thailand and other Asian emerging market economies.
Keywords
- Farm investments, Hurdle model, Rural development, Thailand, Vulnerability to poverty
ASJC Scopus subject areas
- Social Sciences(all)
- Geography, Planning and Development
- Social Sciences(all)
- Development
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In: Quarterly Journal of International Agriculture, Vol. 52, No. 3, 2013, p. 217-236.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Investments of rural households in northeast Thailand and the future of small scale farming
AU - Hohfeld, Lena
AU - Waibel, Hermann
PY - 2013
Y1 - 2013
N2 - This paper analyses investments of some 2000 farm households in rural villages in three provinces of Northeast Thailand. We use a multinomial logit model to analyse the determinants of different types of investments in agriculture as well as small scale enterprises and a hurdle model to investigate the intensity of investments in agriculture. Results show that only 30% of rural households undertake investments and most investments made are small. Only households with larger land sizes tend to invest and wealthier households are more likely to invest larger amounts. Female headed households, those with older household heads as well as households in remote areas invest less. Access to finance increases the probability of investing in small scale enterprises, but does not influence agricultural investments. Households with larger investments in agriculture tend to not invest in non-farm activities. The paper demonstrates implications for rural development and agricultural policy in Thailand and other Asian emerging market economies.
AB - This paper analyses investments of some 2000 farm households in rural villages in three provinces of Northeast Thailand. We use a multinomial logit model to analyse the determinants of different types of investments in agriculture as well as small scale enterprises and a hurdle model to investigate the intensity of investments in agriculture. Results show that only 30% of rural households undertake investments and most investments made are small. Only households with larger land sizes tend to invest and wealthier households are more likely to invest larger amounts. Female headed households, those with older household heads as well as households in remote areas invest less. Access to finance increases the probability of investing in small scale enterprises, but does not influence agricultural investments. Households with larger investments in agriculture tend to not invest in non-farm activities. The paper demonstrates implications for rural development and agricultural policy in Thailand and other Asian emerging market economies.
KW - Farm investments
KW - Hurdle model
KW - Rural development
KW - Thailand
KW - Vulnerability to poverty
UR - http://www.scopus.com/inward/record.url?scp=84887964367&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:84887964367
VL - 52
SP - 217
EP - 236
JO - Quarterly Journal of International Agriculture
JF - Quarterly Journal of International Agriculture
SN - 0049-8599
IS - 3
ER -