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          Volume 26, Number 02, December 1994 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/15165

Title: THE EFFECTS OF HOLDING NONFARM RELATED FINANCIAL ASSETS ON RISK-ADJUSTED FARM INCOME
Authors: Betubiza, Eustacius N.
Leatham, David J.
Keywords: Agricultural finance
Certainty equivalents
Discrete stochastic programming
Land investments
Off-farm investments
Issue Date: 1994-12
Abstract: A discrete stochastic, programming model is formulated to study the gains from diversification when farming operations are augmented with off-farm financial assets that are not highly correlated with returns from farming. We extend past research by considering the dynamics of accumulating these financial assets and the farm's leverage and tenure position. Results show that farmers' income level and stability can be improved by including nonfarm financial assets in their portfolios.
URI: http://purl.umn.edu/15165
Institution/Association: Journal of Agricultural and Applied Economics>Volume 26, Number 02, December 1994
Total Pages: 15
Language: English
From Page: 565
To Page: 579
Collections:Volume 26, Number 02, December 1994

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