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Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 504030
Title Farm household risk balancing: empirical evidence from Switzerland
Author(s) Mey, Yann de; Wauters, E.; Schmid, D.; Passel, S. van; Vancauteren, Mark; Lips, M.
Event The Annual Conference of the Swiss Society for Agricultural Economics and Rural Sociology 2016, Posieux, 2016-03-31/2016-04-01
Department(s) Business Economics
WASS
Publication type Contribution in proceedings
Publication year 2016
Keyword(s) Farm risk; off-farm risk; financial risk; off-farm income; consumption; Farm Management; Risk and Uncertainty
Abstract This paper presents the first empirical evidence on household risk balancing behavior, i.e., strategic off-farm decisions in response to changes in expected business risk. Using Swiss FADN data, we estimate a fixed effects seemingly unrelated regression model to analyze how farm households jointly alter their levels of debt, off-farm income and consumption. Evidence suggests that in response to changes in expected business risk, farm households make strategic off-farm decisions. Our study demonstrates that part of the behavioral risk response of farm households is ignored when focusing solely on farm-level analyses and illustrates the relevance of the household risk balancing framework.
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