What Did They Do with the Money? An Analysis of Tobacco Buyout Recipients’ Expenditure Choices

Maria Marshall and Helen Pushkarskaya ()

Journal of Agribusiness, 2008, vol. 26, issue 2, 24

Abstract: There are many expenditure options available to farmers who received a tobacco buyout check. A multinomial probit model is used to analyze how farmer, business, and household characteristics influence the choice of expenditure option. Results of the study show that farmers tend to use the tobacco buyout payments as a special income account which they spend in a focused manner, and their expenditure choices vary by gender and by age groups. Findings also reveal that farmers who plan to stay in tobacco production are more likely to invest in new or existing on-farm activities.

Keywords: Agribusiness; Crop Production/Industries; Financial Economics (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:90641

DOI: 10.22004/ag.econ.90641

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