Preprintgreen1980

FACTORS AFFECTING FARMERS' RISK-INCOME PREFERENCES

George Frederik Patrick · Suzanne H. Whitaker · Brian F. Blake

1 citations0/0 files storedRePEc: Research Papers in Economics

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Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Agricultural risk and resilience

Abstract

Risk-income preferences are derived from 91 Central Indiana farmers using magnitude estimation. Variability-income and bankruptcyincome measures developed are related to socioeconomic variables. Wealth and education have limited effects compared with off-farm employment, percent debt, and expected levels of income, percent debt and net worth growth.

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