Farm consumption behavior in the presence of uncertainty and restrictions on credit

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

Farm consumption behavior has an important indirect role in determining the ability of farms to invest and grow. In this paper I examine the effect on farm consumption behavior of the presence of quantitative restrictions on farm borrowing. Using a form of the life cycle model which allows for both consumption and production by the household, the effect of borrowing restrictions on consumption behavior is tested econometrically for a sample of Dutch farm households. The results suggest that the life cycle model without borrowing restrictions is rejected by the data.
Original languageEnglish
Pages (from-to)952-959
Number of pages8
JournalAmerican Journal of Agricultural Economics
Volume77
Issue number4
DOIs
Publication statusPublished - 1 Nov 1995

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credit
Uncertainty
uncertainty
farms
Life Cycle Stages
households
Aptitude
Economics
Farms
Credit
Consumption behavior
Farm
Borrowing
Life-cycle model
sampling

Cite this

Farm consumption behavior in the presence of uncertainty and restrictions on credit. / Phimister, E.

In: American Journal of Agricultural Economics, Vol. 77, No. 4, 01.11.1995, p. 952-959.

Research output: Contribution to journalArticle

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