Balance as the key to family farm survival
Monday, July 8, 2013 - 08:30
in Mathematics & Economics
Family farms survived in the second half of the 20th century by balancing the demands of the regulated market economy with the astute use of their own resources. This is the conclusion reached by a research team working on an FWF project that examined agricultural development in Lower Austria during this period. The findings, which have recently been published in a scientific journal, clearly show that agrarian structural change in post-war Austria took a different course than was frequently assumed – instead of "getting big or getting out", many farming families exploited the advantages offered by self-controlled resources, adapted to change and survived.