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Les trajectoires économiques des exploitations agricoles. Méthodes d'analyse et application à l'évaluation des conséquences de la réforme de la PAC

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  • Colson, François
  • Desarmenien, Didier

Abstract

From a Lifecycle Model with endogenous (entrepreneurial) resources, we defined optimal debt, and the consequences of credit constraints on the heterogeneity of farmer's households. Taking into account age effects in borrowing behaviour of farmers, we estimated borrowing equations by age brackets. Using switching regression procedures, we found two different borrowing equations, corresponding to constrained and optimal debt. We estimated a frequency of constrained debt at two third in the three first age brackets. This high frequency of debt constrained farms highlight the important role of farm financing policy on the wealth position of farmers households.

Suggested Citation

  • Colson, François & Desarmenien, Didier, 1994. "Les trajectoires économiques des exploitations agricoles. Méthodes d'analyse et application à l'évaluation des conséquences de la réforme de la PAC," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 220.
    • Handle: RePEc:ags:ersfer:351902
    DOI: 10.22004/ag.econ.351902
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    File URL: https://ageconsearch.umn.edu/record/351902/files/ecoru_0013-0559_1994_num_220_1_4614.pdf
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    References listed on IDEAS

    as
    1. François Colson & Bernard Pineau, 1991. "Les indicateurs de détection de la difficulté financière des exploitations en période d'installation," Économie rurale, Programme National Persée, vol. 206(1), pages 57-63.
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    Keywords

    Agricultural Finance; Risk and Uncertainty;

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