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

E. Phimister

doi:10.2307/1243818

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

E. Phimister

Economics

Research output: Contribution to journal › Article › peer-review

20 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 language	English
Pages (from-to)	952-959
Number of pages	8
Journal	American Journal of Agricultural Economics
Volume	77
Issue number	4
DOIs	https://doi.org/10.2307/1243818
Publication status	Published - 1 Nov 1995

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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.",

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