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Sustainability 2016, 8(9), 893; doi:10.3390/su8090893

Is Sustainability Compatible with Profitability? An Empirical Analysis on Family Farming Activity

Department of Economics and Business, University of Almería (Agrifood Campus of International Excellence, ceiA3), Ctra. Sacramento s/n, 04120 Almería, Spain
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Academic Editor: Marc A. Rosen
Received: 24 July 2016 / Revised: 29 August 2016 / Accepted: 30 August 2016 / Published: 3 September 2016
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Abstract

Sustainability is a social concern and a new strategic factor for productive and economic viability. Nevertheless, research on this subject in a holistic approach is limited, and even to a lesser extent when dealing with family farms. This paper analyzes the impact of different aspects of sustainability (socio-economic characteristics, environmentally respectful practices, and innovation) on profitability. The data collection instruments include a survey questionnaire on farming in Almería, a province in Southeast Spain, and the methodology followed involves a two-step regression model. The main results show how several socio-economic and environmental-innovation features of family farms have positive effects on their economic performance. Among others, profitability increases when there are better educated and younger family farm decision-makers; the farm is specialized and supported by more efficient cooperatives: and, particularly, when the family farm displays greater concern for environmental practices and better disposition towards agroecological innovation. View Full-Text
Keywords: profitability; sustainability; socio-economic dimension; environmentally respectful practices; innovation; family farm profitability; sustainability; socio-economic dimension; environmentally respectful practices; innovation; family farm
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Piedra-Muñoz, L.; Galdeano-Gómez, E.; Pérez-Mesa, J.C. Is Sustainability Compatible with Profitability? An Empirical Analysis on Family Farming Activity. Sustainability 2016, 8, 893.

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