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|Title:||Farm household risk balancing: empirical evidence from Switzerland||Authors:||DE MEY, Yann
VAN PASSEL, Steven
|Issue Date:||2014||Source:||14th EAAE Congress, Ljubljana, 26-29th August 2014||Abstract:||This paper presents empirical evidence on household risk balancing behavior, i.e. farm households making strategic off-farm decisions in response to changes in expected business risk. Using Swiss FADN data, we estimate a fixed effects seemingly unrelated regression model to analyse how farm households jointly alter their levels of debt, off-farm income and consumption. The evidence suggests that farm households not only make strategic changes in debt levels (original risk balancing), but also strategic off-farm decisions (household risk balancing). Our results demonstrate that part of the behavioral risk response of farm households is ignored when focusing solely on farm-level analyses.||Keywords:||farm risk; off-farm risk; financial risk; off-farm income; consumption||Document URI:||http://hdl.handle.net/1942/17632||Category:||C2||Type:||Conference Material|
|Appears in Collections:||Research publications|
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