Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture

This paper examines whether an integrated farm that owns both crops and livestock is more resilient under global warming than a specialized farm in crops. Using around 9000 farm surveys across Africa, we explore how farmers choose one of the farm types and how the net revenue of each type varies acr...

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Main Author:	Seo, S. Niggol
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Markets and Marketing Cooperatives Agribusiness Q130 Climate Natural Disasters Global Warming Q540
Online Access:	http://hdl.handle.net/10986/4932

id	okr-10986-4932
recordtype	oai_dc
spelling	okr-10986-49322021-04-23T14:02:20Z Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture Seo, S. Niggol Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Markets and Marketing Cooperatives Agribusiness Q130 Climate Natural Disasters Global Warming Q540 This paper examines whether an integrated farm that owns both crops and livestock is more resilient under global warming than a specialized farm in crops. Using around 9000 farm surveys across Africa, we explore how farmers choose one of the farm types and how the net revenue of each type varies across the range of climate in Africa. The results indicate that an integrated farm increases in number while a specialized farm decreases across Africa under climate predictions for 2060. The relative profitability of each system against each other also changes. An integrated farm becomes relatively more profitable over specialized farms half a century from now. The impacts of climate change on integrated farms range from 9% loss to 27% gain depending on climate scenarios. Behavioral models can capture portfolio diversification benefits that agro-economic models cannot measure. 2012-03-30T07:30:27Z 2012-03-30T07:30:27Z 2010 Journal Article Food Policy 03069192 http://hdl.handle.net/10986/4932 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Markets and Marketing Cooperatives Agribusiness Q130 Climate Natural Disasters Global Warming Q540
spellingShingle	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets Q120 Agricultural Markets and Marketing Cooperatives Agribusiness Q130 Climate Natural Disasters Global Warming Q540 Seo, S. Niggol Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture
geographic_facet	Africa
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper examines whether an integrated farm that owns both crops and livestock is more resilient under global warming than a specialized farm in crops. Using around 9000 farm surveys across Africa, we explore how farmers choose one of the farm types and how the net revenue of each type varies across the range of climate in Africa. The results indicate that an integrated farm increases in number while a specialized farm decreases across Africa under climate predictions for 2060. The relative profitability of each system against each other also changes. An integrated farm becomes relatively more profitable over specialized farms half a century from now. The impacts of climate change on integrated farms range from 9% loss to 27% gain depending on climate scenarios. Behavioral models can capture portfolio diversification benefits that agro-economic models cannot measure.
format	Journal Article
author	Seo, S. Niggol
author_facet	Seo, S. Niggol
author_sort	Seo, S. Niggol
title	Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture
title_short	Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture
title_full	Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture
title_fullStr	Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture
title_full_unstemmed	Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture
title_sort	is an integrated farm more resilient against climate change? a micro-econometric analysis of portfolio diversification in african agriculture
publishDate	2012
url	http://hdl.handle.net/10986/4932
_version_	1764393295620866048

Is an Integrated Farm More Resilient against Climate Change? A Micro-econometric Analysis of Portfolio Diversification in African Agriculture

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