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Off Farm Investment of Farm Households: A Logit Analysis By Ashok Mishra and Mitchell Morehart ERS Elsewhere No. 0110, November 2001 Investments selected by individual farmers/farm households will have important implications for the investor's financial well-being, the availability of venture capital for economic development of rural areas, and the competitiveness of financial institutions in rural areas. Furthermore, farmers/managers need to know their investment (both farm and off-farm) portfolios because many of their financial decisions have ramifications for liquidity, retirement, solvency, taxation, and profitability management. Little is known about the farm operator's household and socio-economic characteristics that affect off-farm investments. The objective of this study is to identify factors that affect off-farm investments by farm households and to quantify the factors' relative importance in off-farm investment decisions by farm households. Keywords: economic research service, us dept. of agriculture, agricutural economics, investment, capital, financial decisions, income taxes Get this document in Adobe Acrobat PDF format. web administration: webadmin@ers.usda.gov page updated: January 31, 2002

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