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The Farmer as Service Provider: The demand for agricultural commodities and equine services

Bailey, Alastair, Williams, N, Palmer, Michael J., Geering, R (2000) The Farmer as Service Provider: The demand for agricultural commodities and equine services. Agricultural Systems, 66 (3). pp. 191-204. ISSN 0308-521X. (doi:10.1016/S0308-521X(00)00047-0) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:8194)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL:
http://dx.doi.org/10.1016/S0308-521X(00)00047-0

Abstract

In recent years there has been much interest in alternative sources of income for farmers. This is because economic theory suggests that demand for agricultural commodities is inelastic so that, as incomes in society as a whole increase, those of farmers do not necessarily keep pace — hence the current problems with falling real farm incomes. In contrast the demand for services is relatively elastic. Thus it is logical to divert agricultural resources into service provision. One such service is provided by equine enterprises. We have estimated the own price and income elasticities of demand for selected agricultural commodities and for ‘equine services’. Our results confirm that demand for equine services is more elastic than for agricultural commodities. Thus diversification into horse enterprises is likely to have long term benefits for farmers vis á vis traditional agricultural production.

Item Type: Article
DOI/Identification number: 10.1016/S0308-521X(00)00047-0
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Alastair Bailey
Date Deposited: 26 May 2009 21:04 UTC
Last Modified: 16 Nov 2021 09:46 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/8194 (The current URI for this page, for reference purposes)

University of Kent Author Information

Bailey, Alastair.

Creator's ORCID: https://orcid.org/0000-0002-4682-3251
CReDIT Contributor Roles:

Williams, N.

Creator's ORCID:
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