Should farmers invest in financial assets as a risk management strategy? Some evidence from New Zealand
dc.contributor.author | Nartea, G | |
dc.contributor.author | Webster, J | |
dc.contributor.author | Pellegrino, J | |
dc.coverage.spatial | Curtin University, Perth, Western Australia | |
dc.date.accessioned | 2008-03-31T22:44:06Z | |
dc.date.available | 2008-05-06 | |
dc.date.issued | 2003 | |
dc.description.abstract | Off-farm investment as a risk management strategy is not widespread among New Zealand sheep and beef farmers. This study explores the potential for risk reduction by the diversification of farm asset portfolios to include financial investments such as industrial equities and government bonds of various types. Results show that the negative correlations between long-run rates of return on farm assets and financial investments could result in a significant reduction of risk if equities and bonds were included in farm investment portfolios. However, when combined with information about attitudes to risks, it does not seem likely that farmers would adopt such strategies purely in order to stabilise incomes. Deregulation of the New Zealand economy in the mid 1980's had little impact on farmers' optimal allocation of their assets. | |
dc.format.extent | pp.1-10 | |
dc.identifier | https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=elements_prod&SrcAuth=WosAPI&KeyUT=WOS:000255643600005&DestLinkType=FullRecord&DestApp=WOS_CPL | |
dc.identifier.citation | Nartea, G. V., Pellegrino, J. M., & Webster, P. (2003). Should farmers invest in financial assets as a risk management strategy? Some evidence from New Zealand. In Proceedings of the 14th International Farm Management Congress. England: International Farm Management Association. | |
dc.identifier.doi | 10.1111/j.1467-8489.2008.00413.x | |
dc.identifier.eissn | 1467-8489 | |
dc.identifier.isbn | 978-92-990038-1-7 | |
dc.identifier.issn | 1364-985X | |
dc.identifier.other | 297UT (isidoc) | |
dc.identifier.uri | https://hdl.handle.net/10182/416 | |
dc.language.iso | en | |
dc.publisher | International Farm Management Association | |
dc.publisher.place | Lincoln, Canterbury | |
dc.relation | The original publication is available from International Farm Management Association - https://doi.org/10.1111/j.1467-8489.2008.00413.x - http://hdl.handle.net/10182/416 | |
dc.relation.isPartOf | Australian Journal of Agricultural and Resource Economics | |
dc.relation.uri | https://doi.org/10.1111/j.1467-8489.2008.00413.x | |
dc.source | Proceedings of the 14th International Farm Management Congress | |
dc.subject | risk management | |
dc.subject | diversification | |
dc.subject | portfolio theory | |
dc.subject | off-farm investment | |
dc.subject.anzsrc2020 | ANZSRC::3801 Applied economics | |
dc.subject.marsden | Marsden::300901 Farm management, rural management and agribusiness | |
dc.title | Should farmers invest in financial assets as a risk management strategy? Some evidence from New Zealand | |
dc.type | Conference Contribution - published | |
lu.contributor.unit | LU | |
lu.contributor.unit | LU|Faculty of Agribusiness and Commerce | |
lu.contributor.unit | LU|Faculty of Agribusiness and Commerce|FABS | |
lu.subtype | Conference Paper | |
pubs.finish-date | 2003-08-15 | |
pubs.issue | 2 | |
pubs.notes | Paper presented at the 14th International Farm Management Congress, Perth, Western Australia, August 10th to 15th, 2003. | |
pubs.place-of-publication | Lincoln, Canterbury | |
pubs.publication-status | Published | |
pubs.publisher-url | http://hdl.handle.net/10182/416 | |
pubs.start-date | 2003-08-10 | |
pubs.volume | 52 |
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