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Farm Household Consumption Patterns

Farm Household Consumption Patterns Changes in farm household expenditures during periods of volatile farm incomes impact rural communities and main street businesses. This study investigates the sensitivity of expenditures for nine consumption items to changes in total consumption expenditures and to changes in the cost of those items. The results indicate that during poor income years, rural businesses dealing in recreation, charitable contributions and gifts, education, furniture, and household maintenance are most likely to experience decreased revenues from farm households. Farm household expenditures for household operations, education, automobile maintenance, and medical care are most sensitive to price changes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Economic Perspective and Policy Wiley

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References (13)

Publisher
Wiley
Copyright
© Agricultural and Applied Economics Association
ISSN
2040-5790
eISSN
2040-5804
DOI
10.2307/1349712
Publisher site
See Article on Publisher Site

Abstract

Changes in farm household expenditures during periods of volatile farm incomes impact rural communities and main street businesses. This study investigates the sensitivity of expenditures for nine consumption items to changes in total consumption expenditures and to changes in the cost of those items. The results indicate that during poor income years, rural businesses dealing in recreation, charitable contributions and gifts, education, furniture, and household maintenance are most likely to experience decreased revenues from farm households. Farm household expenditures for household operations, education, automobile maintenance, and medical care are most sensitive to price changes.

Journal

Applied Economic Perspective and PolicyWiley

Published: Jan 1, 1993

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