Farm diversification decision making: case of Lithuania
The research problem – how to make the best economic diversification decision. It was analyzed in 12 cases – diversified farmer’s farm. It was found that the farm diversification decision was taken usually considering only one possible alternative solution. There was not carried out a complex farm diversification decision alternatives assessment analysis. Decision maker, subject only to those factors which it considered relevant, took the decision. Economy diversification decision was taken in haste. As a result, decision-makers have suffered many losses they had to make an additional investment, to study and to consult. This paper presents proposals to accept supposedly, best farm diversification decision.
JEL Codes: Q12, Q13, Q21.
Article in: English
Published on-line: 2016-06-16
Keyword(s): diversification, decision-making, the farmer's farm
- There are currently no refbacks.
Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355
This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.