Minviel J.J., Benoît M. (2022). Economies of diversification and stochastic dominance analysis in french mixed sheep farms. Agricultural and Resource Economics Review, 01/04/2022, vol. 51, n. 1, p. 156-177.
https://doi.org/10.1017/age.2021.26
https://doi.org/10.1017/age.2021.26
Titre : | Economies of diversification and stochastic dominance analysis in french mixed sheep farms (2022) |
Auteurs : | J.J. Minviel ; M. Benoît |
Type de document : | Article |
Dans : | Agricultural and Resource Economics Review (vol. 51, n. 1, April 2022) |
Article en page(s) : | p. 156-177 |
Langues : | Anglais |
Langues du résumé : | Anglais |
Catégories : |
Catégories principales 06 - AGRICULTURE. FORÊTS. PÊCHES ; 6.4 - Production Agricole. Système de ProductionThésaurus IAMM DIVERSIFICATION ; POLYCULTURE ELEVAGE ; OVIN ; MASSIF CENTRAL ; SITUATION ECONOMIQUE ; RESILIENCE ; SYSTEME DE PRODUCTION ; FRANCE |
Résumé : | Farm diversification is mainly driven by risk mitigation effects and economic gains related to complementarities between production activities. By combining these two aspects, we investigate diversification economies in a sample of French mixed sheep farming systems and rank these systems using stochastic dominance criteria. Partially diversified systems (Sheep-Grass, Sheep-Crop, Sheep-Landless) and fully diversified systems (Sheep-Grass-Crop-Landless) were evaluated. We find a high degree of diversification diseconomies in the sheep farming systems considered. The results also indicate that the fully diversified system is driven by its risk-reducing effects (including downside risk exposure) and that Sheep-Crop is the dominant system in terms of risk-adjusted returns. |
Cote : | En ligne |
URL / DOI : | https://doi.org/10.1017/age.2021.26 |