Financial Management and Portfolio Analysis for U.S. Farm and Nonfarm Households
AbstractThis 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.
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Bibliographic InfoPaper provided by Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition in its series Proceedings: 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri with number 48143.
Date of creation: 2008
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Web page: http://www.agfin.ifas.ufl.edu/
farm households; financial management; nonfarm households; portfolio analysis; quantile regression; Agricultural Finance; Financial Economics;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-10 (All new papers)
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