Financial Management and Portfolio Analysis for U.S. Farm and Nonfarm Households

Ani Katchova

No 48143, 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition

Abstract: This study examines the portfolio allocation of assets for farm and nonfarm households using the Agricultural Resource Management Survey and the Survey of Consumer Finances. The stylized facts of household finance, including limited participation in equity markets and heterogeneity of asset portfolios, are also confirmed for farm households. However, farm households show fewer differences in participation rates and asset allocation across wealth groups. Probit and conditional regression models indicate that fewer demographic factors affect participation rates and portfolio shares of risky assets for farm than nonfarm households. The aggregate statistics seem overwhelmingly influenced by households with large holdings of risky assets as shown by quantile regressions.

Keywords: Agricultural Finance; Financial Economics (search for similar items in EconPapers)
Pages: 22
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc1007:48143

DOI: 10.22004/ag.econ.48143

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