Serra, Teresa; Goodwin, Barry K.; Featherstone, Allen M. - In: Agricultural Finance Review 64 (2004) 1, pp. 17-32
Off‐farm investment decisions of farm households are analyzed. Farm‐level data for a sample of Kansas farms observed from 1994 through 2000 are utilized. A system of censored dependent variable models is estimated to investigate the factors that influence the composition of farm...