Profitability and efficiency of high nature value marginal farming in England

Vigani, Mauro ORCID: 0000-0003-2442-7976 and Dwyer, Janet C ORCID: 0000-0002-2332-9832 (2020) Profitability and efficiency of high nature value marginal farming in England. Journal of Agricultural Economics, 71 (2). pp. 439-464. doi:10.1111/1477-9552.12351

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Abstract

The UK Brexit vote triggered a new wave of policy development for a future outside the EU. In that context, this paper presents analysis investigating the business performance of English hill and upland farms, characterised by marginal economic conditions but also high nature value (HNV). The analysis aims to help identify farm-level management and policy options for greater economic, environmental and social sustainability. Business performance is measured as technical efficiency and the occurrence and persistence of abnormal profits, estimated through stochastic frontier analysis and static and dynamic panel-data methods. The results help indicate rationales for recent trends including farm enlargement, farm family diversification, and agri-environment scheme entry. The single farm payment was negatively associated with farms technical efficiency but positively associated to short-term farm profitability. Farm adaptation and resilience during a period of likely turbulence in external circumstances is discussed in light of these findings, as well as potential parallels with marginal HNV areas across Europe.

Item Type:	Article
Article Type:	Article
Uncontrolled Keywords:	Upland farming; High Nature Value; Resilience; Profit persistence; Technical efficiency; Agricultural policy; REF2021
Related URLs:	Dataset
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HF Commerce > HF5001 Business S Agriculture > S Agriculture (General) > S560 Farm Economics S Agriculture > S Agriculture (General) > S589.75 Agriculture and the environment S Agriculture > S Agriculture (General) > S589.7 Agricultural ecology (General)
Divisions:	Schools and Research Institutes > Countryside and Community Research Institute
Research Priority Areas:	Place, Environment and Community
Depositing User:	Imogen Young
Date Deposited:	14 May 2019 15:58
Last Modified:	04 Feb 2022 14:31
URI:	https://eprints.glos.ac.uk/id/eprint/6849

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