Do Farmers Choose to Be Inefficient? Evidence from Bicol

Farming households that differ in their ability or willingness to take on risks are likely to allocate resources and effort among income producing activities differently with consequences for productivity. In this paper we measure voluntary and involuntary departures from efficiency for rice produci...

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Main Authors:	Larson, Donald F., Plessmann, Frank
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Agricultural Labor Markets J430 Microeconomic Analyses of Economic Development O120 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Finance Q140
Online Access:	http://hdl.handle.net/10986/4666

id	okr-10986-4666
recordtype	oai_dc
spelling	okr-10986-46662021-04-23T14:02:19Z Do Farmers Choose to Be Inefficient? Evidence from Bicol Larson, Donald F. Plessmann, Frank Agricultural Labor Markets J430 Microeconomic Analyses of Economic Development O120 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Finance Q140 Farming households that differ in their ability or willingness to take on risks are likely to allocate resources and effort among income producing activities differently with consequences for productivity. In this paper we measure voluntary and involuntary departures from efficiency for rice producing households in the Bicol region of the Philippines. We take advantage of a panel of observations on households from 1978, 1983 and 1994. Available monthly weather data and survey information on planting times allows us to create household specific measures of weather shocks, which we use in our analysis. We find evidence that diversification and input choices do affect efficiency outcomes among farmers, although these effects are not dominant; accumulated wealth, past decisions to invest, favorable market conditions, and propitious weather are also important determinants of efficiency outcomes among Bicol rice farmers. Our findings suggest that the costs of incomplete formal and informal insurance markets are higher for poorer farmers. 2012-03-30T07:29:08Z 2012-03-30T07:29:08Z 2009 Journal Article Journal of Development Economics 03043878 http://hdl.handle.net/10986/4666 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Philippines
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Agricultural Labor Markets J430 Microeconomic Analyses of Economic Development O120 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Finance Q140
spellingShingle	Agricultural Labor Markets J430 Microeconomic Analyses of Economic Development O120 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Finance Q140 Larson, Donald F. Plessmann, Frank Do Farmers Choose to Be Inefficient? Evidence from Bicol
geographic_facet	Philippines
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Farming households that differ in their ability or willingness to take on risks are likely to allocate resources and effort among income producing activities differently with consequences for productivity. In this paper we measure voluntary and involuntary departures from efficiency for rice producing households in the Bicol region of the Philippines. We take advantage of a panel of observations on households from 1978, 1983 and 1994. Available monthly weather data and survey information on planting times allows us to create household specific measures of weather shocks, which we use in our analysis. We find evidence that diversification and input choices do affect efficiency outcomes among farmers, although these effects are not dominant; accumulated wealth, past decisions to invest, favorable market conditions, and propitious weather are also important determinants of efficiency outcomes among Bicol rice farmers. Our findings suggest that the costs of incomplete formal and informal insurance markets are higher for poorer farmers.
format	Journal Article
author	Larson, Donald F. Plessmann, Frank
author_facet	Larson, Donald F. Plessmann, Frank
author_sort	Larson, Donald F.
title	Do Farmers Choose to Be Inefficient? Evidence from Bicol
title_short	Do Farmers Choose to Be Inefficient? Evidence from Bicol
title_full	Do Farmers Choose to Be Inefficient? Evidence from Bicol
title_fullStr	Do Farmers Choose to Be Inefficient? Evidence from Bicol
title_full_unstemmed	Do Farmers Choose to Be Inefficient? Evidence from Bicol
title_sort	do farmers choose to be inefficient? evidence from bicol
publishDate	2012
url	http://hdl.handle.net/10986/4666
_version_	1764392318600740864

Do Farmers Choose to Be Inefficient? Evidence from Bicol

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