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Analysis of Kansas Farm Household Expenditures

Author

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  • Carriker, Gordon L.
  • Featherstone, Allen M.
  • Schroeder, Ted C.

Abstract

The economic stability and viability of farmers are issues of great concern to rural communities. Employing data from the Kansas Farm Management Association data bank, farm household income and price elasticities are estimated in this study. Results indicate that as consumption expenditures decrease, those items for which farm households are most likely to reduce expenditures include gifts, charitable contributions, recreation, education, and furniture.

Suggested Citation

  • Carriker, Gordon L. & Featherstone, Allen M. & Schroeder, Ted C., 1989. "Analysis of Kansas Farm Household Expenditures," Staff Papers 133752, Kansas State University, Department of Agricultural Economics.
    • Handle: RePEc:ags:ksaesp:133752
    DOI: 10.22004/ag.econ.133752
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    File URL: https://ageconsearch.umn.edu/record/133752/files/kansas-staff-90-04.pdf
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    References listed on IDEAS

    as
    1. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    2. Richard Green & Zuhair A. Hassan, 1981. "Choices and Consequences: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 174-175.
    3. GirAo, J A & Tomek, W G & Mount, T D, 1974. "The Effect of Income Instability on Farmers' Consumption and Investment," The Review of Economics and Statistics, MIT Press, vol. 56(2), pages 141-149, May.
    4. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    5. Dale M. Heien & Cathy Roheim Wessells, 1988. "The Demand for Dairy Products: Structure, Prediction, and Decomposition," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(2), pages 219-228.
    6. Richard A. King, 1981. "Choices and Consequences: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 176-177.
    7. Richard A. King, 1979. "Choices and Consequences," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 839-848.
    8. Richard Green & Zuhair A. Hassan & S. R. Johnson, 1978. "Alternative Estimates of Static and Dynamic Demand Systems for Canada," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 93-107.
    9. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, September.
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