Staff Publications

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 550700
Title Farm-household financial interactions: A case-study from Flanders, Belgium
Author(s) Wauters, Erwin; Mey, Yann de
Source Agricultural Systems 174 (2019). - ISSN 0308-521X - p. 63 - 72.
DOI https://doi.org/10.1016/j.agsy.2019.04.012
Department(s) Business Economics
WASS
Publication type Refereed Article in a scientific journal
Publication year 2019
Keyword(s) Diversification - Farm-household financial interactions - Off-farm income - Pluri-activity - Risk balancing
Abstract

Farm-household financial interactions (FHFI), the intermingling of business finances with household finances, is a largely uninvestigated phenomenon in Europe. This is partly because of data scarcity as the main farm-level accounting database, the FADN, does not include financial information at the household level. Based on primary survey data from Flanders (Belgium), we develop a proxy indicator for FHFI and explore its determinants and impact on future farm performance. Our results show substantive FHFI within Flemish farm households. The results further suggest that it could be interpreted as a deliberate risk management strategy, as we observe greater FHFI in farms operated by more risk averse farmers and with higher levels of financial risk. Nevertheless, more intense FHFI are associated with lower future farm performance. Hence, questions relating to its effect on long-term survival and adaptive capacity remain.

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