The Effects of Holding Nonfarm Related Financial Assets On Risk-Adjusted Farm Income

Eustacius N. Betubiza and David Leatham

Journal of Agricultural and Applied Economics, 1994, vol. 26, issue 2, 565-579

Abstract: A discrete stochastic programming model is formulated to study the gains from diversification when farming operations are augmented with off-farm financial assets that are not highly correlated with returns from farming. We extend past research by considering the dynamics of accumulating these financial assets and the farm's leverage and tenure position. Results show that farmers' income level and stability can be improved by including nonfarm financial assets in their portfolios.

Date: 1994
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Journal Article: THE EFFECTS OF HOLDING NONFARM RELATED FINANCIAL ASSETS ON RISK-ADJUSTED FARM INCOME (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:26:y:1994:i:02:p:565-579_02

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