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Financial Management and Portfolio Analysis for U.S. Farm and Nonfarm Households

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  • Katchova, Ani L.

Abstract

This study examines the portfolio allocation of assets for farm and nonfarm households using the Agricultural Resource Management Survey and the Survey of Consumer Finances. The stylized facts of household finance, including limited participation in equity markets and heterogeneity of asset portfolios, are also confirmed for farm households. However, farm households show fewer differences in participation rates and asset allocation across wealth groups. Probit and conditional regression models indicate that fewer demographic factors affect participation rates and portfolio shares of risky assets for farm than nonfarm households. The aggregate statistics seem overwhelmingly influenced by households with large holdings of risky assets as shown by quantile regressions.

Suggested Citation

  • Katchova, Ani L., 2008. "Financial Management and Portfolio Analysis for U.S. Farm and Nonfarm Households," 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri 48143, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    • Handle: RePEc:ags:nc1007:48143
    DOI: 10.22004/ag.econ.48143
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    Keywords

    Agricultural Finance; Financial Economics;

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