Mauro Vigani is at the 30th International Conference of Agricultural Economists, the tri-annual conference of the International Association of Agricultural Economists (IAAE), where he will be presenting a paper.
This IAAE flagship conference attracts around one thousand people from all over the world. This year’s conference is taking place on Canada’s West Coast, in beautiful Vancouver, British Columbia, from 28th July to 2nd August.
The IAAE is a worldwide association of agricultural economists and others concerned with agricultural economic problems, including problems related to the use of renewable resources and the environment. Its broad goal is to make a difference through:
- Fostering the application of agricultural economics to improve rural economic and social conditions.
- Advancing knowledge of agriculture’s economic organization.
- Facilitating communication and information exchange among those concerned with rural welfare.
Mauro is presenting the paper “Farm economic resilience, land diversity and environmental uncertainty”, which was co-authored with CCRI’s colleagues Rob Berry and Julie Urquhart, in the Environmental Economics contributed session on 1st August.
Abstract of paper:
“Economic resilience is a concept used for farms facing shocks and their capacity to resist, adapt, and achieve new equilibria to enhance their long-term viability. Operationalizing the resilience concept is a difficult task due to its multidimensional and dynamic nature. Based on literature and risk management theory, this paper develops a composite index of economic resilience based on five dimensions; namely a farm’s stability, performance, diversification, crop diversity and extensification. In a second step, the composite index is used to estimate the impact of climatic, environmental and telecommunications infrastructure factors on the economic resilience of farms in England and Wales, using multilevel models with mixed effects estimators. Results show that CAP subsidies, soil erosion and drought have a negative impact on the economic resilience of English and Welsh farms, but that a more diversified land use reduces farms’ vulnerability, by providing more opportunities for agricultural diversification. Finally, extensive telecommunications infrastructure has a particularly important role in the economic resilience of the pigs sector.”