Self-reported Resilience of European Farms With and Without the CAP

Firms are able to survive only if they adapt appropriately in response to disturbances. The ability of a farm to continue after a disturbance is defined as resilience. To analyse the resilience of EU farms we explore exit and the number of adaptation strategies that farmers follow under two scenario...

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Bibliographic Details
Published in:Journal of agricultural economics 2014-09, Vol.65 (3), p.722-738
Main Authors: Peerlings, Jack, Polman, Nico, Dries, Liesbeth
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural policy
Agriculture
count model
Economic disturbances
ecosystems
Europe
European Union
Farmers
Farms
resilience
shifts
Strategic management
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Summary:Firms are able to survive only if they adapt appropriately in response to disturbances. The ability of a farm to continue after a disturbance is defined as resilience. To analyse the resilience of EU farms we explore exit and the number of adaptation strategies that farmers follow under two scenarios. The current CAP will be continued in the base scenario, while it will be abolished in scenario 2. The outcomes show that under both scenarios large, more specialised farms with young farm heads are most resilient, and small more diversified farms headed by old farmers are least resilient.
ISSN:0021-857X
1477-9552
DOI:10.1111/1477-9552.12062