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Precautionary wealth among U.S farm households

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  • Dedah, Cheikhna O.
  • Mishra, Ashok K.

Abstract

Using a cross sectional farm-level data we find that farm households who face higher income uncertainty save more and accumulate more wealth. Precautionary savings is about 6 percent of the total farm household wealth. In addition to precautionary saving, and consistent with theory we found that the age, education, occupation, and the number of acres operated are all important factors that influence wealth accumulation by U.S farm households.

Suggested Citation

  • Dedah, Cheikhna O. & Mishra, Ashok K., 2009. "Precautionary wealth among U.S farm households," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46606, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeana:46606
    DOI: 10.22004/ag.econ.46606
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    References listed on IDEAS

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