2017 Volume 89 Issue 2 Pages 119-135
This study aims to propose the empirical framework to analyze the managerial environment and management risk for innovative farms. The theory of causal inference is adapted to the discussion of the managerial environment of innovative farms. The results of analysis for rural community card data through the propensity score matching method show how large tracts are held and managed, where agricultural products are shipped and how much farmers work collectively are the most important points of the managerial environment for innovative farms. The technique of farm planning is adapted to the normative analysis of management risk for innovative farms. The estimation results of the relationship between precipitation risk and expected income show how we can measure the management risk for innovative farms concretely.
