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http://hdl.handle.net/1942/20304
Title: | Farm household risk balancing: empirical evidence from Switzerland | Authors: | DE MEY, Yann Wauters, E. Schmid, D. Lips, M. VANCAUTEREN, Mark VAN PASSEL, Steven |
Issue Date: | 2016 | Source: | European review of agricultural economics, 43(4), p. 637-662 | Abstract: | Empirical evidence on household risk balancing behaviour is presented by estimating a fixed effects seemingly unrelated regression model using Swiss Farm Accountancy Data Network data. We find that in response to changes in expected business risks, Swiss farm households not only make strategic farm financial risk decisions (original risk balancing), but also make strategic off-farm decisions (household risk balancing) by altering their share of off-farm income and relative consumption. Small farms appear to make more use of household risk balancing strategies whereas large farms conversely make more use of the original risk balancing strategy. | Notes: | de Mey, Y (reprint author), Wageningen Univ, Wageningen, Netherlands. yanndemey@outlook.com | Keywords: | farm risk; off-farm risk; financial risk; off-farm income; consumption | Document URI: | http://hdl.handle.net/1942/20304 | ISSN: | 0165-1587 | e-ISSN: | 1464-3618 | DOI: | 10.1093/erae/jbv030 | ISI #: | 000386026600005 | Rights: | © Oxford University Press and Foundation for the European Review of Agricultural Economics 2015; all rights reserved. For permissions, please email journals.permissions@oup.com | Category: | A1 | Type: | Journal Contribution | Validations: | ecoom 2017 |
Appears in Collections: | Research publications |
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