Financing Constraints and the Family Farm: How do Families React?

This paper explores the idea that off-farm income is used for investment in farm assets. Using Alabama farm data for the 1997-2004 period, we find that farm investment is more sensitive to off-farm than to on-farm income, and that this sensitivity is stronger for farms with sales less than $250,000.


Subject(s):
Issue Date:
2008
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/6861
Total Pages:
20
JEL Codes:
Q12; Q14; G11




 Record created 2017-04-01, last modified 2017-04-26

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