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Farm-household financial interactions: A case-study from Flanders, Belgium

Author

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  • Wauters, Erwin
  • de Mey, Yann

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.

Suggested Citation

  • Wauters, Erwin & de Mey, Yann, 2019. "Farm-household financial interactions: A case-study from Flanders, Belgium," Agricultural Systems, Elsevier, vol. 174(C), pages 63-72.
    • Handle: RePEc:eee:agisys:v:174:y:2019:i:c:p:63-72
    DOI: 10.1016/j.agsy.2019.04.012
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    Cited by:

    1. Komarek, Adam M. & De Pinto, Alessandro & Smith, Vincent H., 2020. "A review of types of risks in agriculture: What we know and what we need to know," Agricultural Systems, Elsevier, vol. 178(C).
    2. Thomas Slijper & Yann de Mey & P Marijn Poortvliet & Miranda P M Meuwissen, 2022. "Quantifying the resilience of European farms using FADN," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(1), pages 121-150.

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