Abstract
This article evaluates the impacts of land ownership on the economic performance and viability of rice farming in Thailand, and explores whether they are heterogeneous across different types of farming while using the propensity score matching (PSM) technique. This study categorizes land ownership into two types: full land ownership and weak land ownership. We reveal that full land ownership enhances the rice yield of small and midsize farms, with values of 115.789–127.414 kg/hectare and 51.926–70.707 kg/hectare, respectively. On the other hand, weak land ownership only enhances the rice yield of small farms, with an increased yield of 65.590–72.574 kg/hectare. Full land ownership also helps to reduce the informal debt of small and midsize farms by $16.972–$24.877 per farm and $31.393–$37.819 per farm, respectively. On the other hand, weak land ownership helps to reduce the informal debt of midsize farms, ranging from $36.909 to $44.681 per farm. Therefore, policy makers should encourage small and midsize farm households to adopt full land ownership instead of weak land ownership, as this will provide the greatest benefits to farm households and efficient land use.
Highlights
Over the past few decades, the increasing global population, changing climate, and antitrade policies have challenged the agricultural sector and, the global food security [1,2]
This section begins with the propensity score estimation, and reveals the estimated effects of land ownership on the economic performance and viability of rice farming
This article evaluates the impacts of land ownership on the economic performance and viability of rice farming and explores whether they are heterogeneous across different farm types
Summary
Over the past few decades, the increasing global population, changing climate, and antitrade policies have challenged the agricultural sector and, the global food security [1,2]. Thailand has been one of the world’s major food-producing and -exporting countries, and the agricultural sector has played a crucial role in both economic and social aspects. It employed as much as 32.2 percent of the country’s labor force, covering 6.4 million households, and it generated income from exporting agricultural products of approximately 253 billion US dollars in 2018 [3,4]. Rice is the most important one in Thailand Is it a major staple food of the Thai and global population, but it is a major source of the country’s export revenue. The area of rice production accounted for 46 percent of the country’s total cropland in 2017, with 4.2 million farm households in 2019 [7], reflecting the importance of rice production in the Thai agricultural sector
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