Precautionary wealth among U.S farm households

Cheikhna O. Dedah and Ashok Mishra ()

No 46606, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: Using a cross sectional farm-level data we find that farm households who face higher income uncertainty save more and accumulate more wealth. Precautionary savings is about 6 percent of the total farm household wealth. In addition to precautionary saving, and consistent with theory we found that the age, education, occupation, and the number of acres operated are all important factors that influence wealth accumulation by U.S farm households.

Keywords: Agricultural Finance; Consumer/Household Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 18
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46606

DOI: 10.22004/ag.econ.46606

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