Economics and Rural Development, Volume 7, Number 2

BUSINESS DIVERSIFICATION MODELS FOR FARMS IN ZEMGALE REGION

Anna Liscova, Linda Silina
Latvia University of Agriculture

Abstract

The present research focuses on applications for assigning the farm model and determination for the direction of the share of Zemgale
subregions. Rural area farm models were created based on the criteria of experts and focus group study results. The developed three models
showed that the sub-section of small, medium-size, and large farms have a different share of income by type of activity.
Agriculture is the main source of income in the farm models of Zemgale subregions; however, the income level differs by the groups
of farms – the larger the farm, the larger the share of income comes from agriculture. Farms of Zemgale-1 and Zemgale-2 subregions are
frequently engaged in the same sectors; though the implementation types differ, for example, tourism in Zemgale-1 subregion is based on
culture - historic tourism, while recreational and sport tourism dominates in Zemgale-2 subregion.

Keyword(s): business diversification models, rural areas, diversification


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Economics and Rural Development ISSN 1822-3346 / eISSN 2345-0347

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