Savings as a Source of Financial Energy on the Farm—What Determines the Accumulation of Savings by Agricultural Households? Model Approach

Agnieszka Strzelecka () and Danuta Zawadzka
Additional contact information
Agnieszka Strzelecka: Department of Finance, Faculty of Economics, Koszalin University of Technology, Kwiatkowskiego 6e, 75-343 Koszalin, Poland
Danuta Zawadzka: Department of Finance, Faculty of Economics, Koszalin University of Technology, Kwiatkowskiego 6e, 75-343 Koszalin, Poland

Energies, 2023, vol. 16, issue 2, 1-18

Abstract: The aim of this study was to identify and evaluate the factors influencing the propensity of farm households to accumulate savings, which in this work are treated as a source of financial energy, taking into account socioeconomic characteristics relating to the farmer and their household, as well as farm characteristics. Classification and regression tree analysis (CRT) was used to achieve this goal. The study was conducted on a group of farms in Central Pomerania (Poland) participating in the Farm Accountancy Data Network. Data on 348 farms, obtained through a survey carried out in 2020 using a direct survey questionnaire, were used for the analyses. On the basis of the application of the classification-regression tree method, it was found that income (INC) was the key factor differentiating the studied population in terms of savings, followed by the agricultural area (AREA) and the level of education of the head of the household (EDU). It was also found that, in the case of households representing a lower income class, when the head of the household had at most secondary education and was over 34.5 years of age, having a successor (SUC) was also a factor influencing the accumulation of savings; however, the direction of this relationship was negative.

Keywords: financial energy; savings; farm household; classification and regression tree analysis; Central Pomerania; Poland (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/16/2/696/pdf (application/pdf)
https://www.mdpi.com/1996-1073/16/2/696/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:16:y:2023:i:2:p:696-:d:1027885

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().