Off-farm Income and Risky Investments: What Happens to Farm and Nonfarm Assets?

Hans Andersson, Bharat Ramaswami (), Charles B Moss (), Kenneth Erickson, Charles Hallahan and Richard Nehring

No 19480, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Off-farm work improves and reduces the riskiness of household income. Theoretical analyses reveal that the level and riskiness of off-farm income affect demand for farm/nonfarm investments. A two-limit Tobit model is estimated using ARMS data for 1996-2003. The impact on investment behaviour is evaluated.

Keywords: Farm Management (search for similar items in EconPapers)
Date: 2005
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