Does Agritourism Enhance Farm Profitability

The impacts of agritourism on farm profitability are poorly understood. Using Census of Agriculture records, we employ propensity score matching to estimate the effects of agritourism on the net cash income per acre of New Jersey farms. We find that agritourism has statistically significant and posi...

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Bibliographic Details
Published inJournal of Agricultural and Resource Economics Vol. 39; no. 1; pp. 69 - 87
Main Authors Schilling, Brian J, Attavanich, Witsanu, Jin, Yanhong
Format Journal Article
LanguageEnglish
Published Logan Western Agricultural Economics Association 01.04.2014
Edition1835
SeriesVol. 39 No. 1
Subjects
Agribusiness
Agriculture
agritourism
Census of Agriculture
Censuses
Crop economics
Crops
Direct marketing
direct-to-consumer marketing
Education
Family farms
Farm commodities
Farm economics
Farm income
Farm Management
farm profitability
Farmers
farming systems
Farmland preservation
Lifestyle
Lifestyles
Marketing
net cash income
Organic farming
Profitability
Profits
propensity score matching
small farms
Tourism
Urban agriculture
Vegetable farms
New Jersey
ANW, USA, New Jersey
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Summary:The impacts of agritourism on farm profitability are poorly understood. Using Census of Agriculture records, we employ propensity score matching to estimate the effects of agritourism on the net cash income per acre of New Jersey farms. We find that agritourism has statistically significant and positive effects on farm profitability. Profit impacts are highest among small farms operated by individuals primarily engaged in farming. Positive but smaller effects are observed for lifestyle farms. Profit effects among larger farms are not statistically significant.
Bibliography:http://ageconsearch.umn.edu/handle/36542
ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:1068-5502
2327-8285
DOI:10.22004/ag.econ.168260