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Title: | Farm household risk balancing: empirical evidence from Switzerland | Authors: | DE MEY, Yann Wauters, E. Smid, D. Lips, M. VANCAUTEREN, Mark 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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