@article{Femenia:261421,
      recid = {261421},
      author = {Femenia, Fabienne and Latruffe, Laure and Chavas,  Jean-Paul},
      title = {Responsiveness of farm investment to price changes: An  empirical study of the French crop sector},
      address = {2017-08-28},
      number = {728-2017-3404},
      pages = {14},
      year = {2017},
      abstract = {Understanding how farmers respond to prices can shed light  into investment behavior and inform policy makers. We  investigate the investment behavior of French crop farmers  between 2002 and 2014, with a focus on adjustments to  market prices. The analysis relies on a structural  investment model derived from the maximization of farmers’  future expected profit. Our estimation results show  evidence of significant changes in investment behavior over  time, farmers’ investment being more responsive to output  price before 2006, and to investment price from 2007. This  suggests that government intervention through investment  price may have positive impacts during periods of price  volatility.},
      url = {http://ageconsearch.umn.edu/record/261421},
      doi = {https://doi.org/10.22004/ag.econ.261421},
}