Off-farm income and risk reduction in agriculture: when does it matter?

Investment behavior is analyzed using a dynamic portfolio model including off-farm income. The correlation structure of off-farm income and asset returns and the ratio of off-farm income to wealth is shown to affect portfolio choice. Empirical analysis indicates that off-farm income tends to increase farm assets.

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Year of publication:	1995
Authors:	Andersson, Hans ; Ramamurtie, B. Sailesh ; Ramaswami, Bharat
Publisher:	Atlanta, GA : Federal Reserve Bank of Atlanta
Subject:	Agriculture \| Farm income \| Wages

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Series:	Working Paper ; 95-14
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/100709 [Handle] RePEc:fip:fedawp:95-14 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010397380