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Communication Dans Un Congrès Année : 2016

Responsiveness of farm investment to price changes: An empirical study of the French crop sector

Résumé

Understanding how farmers respond to prices can help shed light into investment behavior and inform policy makers. We here investigate the investment behavior of French crop farmers between 2002 and 2014, with a focus on adjustments to investment price and output price. The analysis relies on a structural investment model derived from the maximization of farmers’ future expected profit. This model is estimated using a Hausman-Taylor panel data procedure. Our results show evidence of significant changes in investment behavior over time. In the period between 2002 and 2006, price volatility was lower and farmers’ investment behavior was more responsive to the output price than to investment price. In contrast, in the period between 2007 and 2014, price volatility was higher and farmers’ investment behavior responded much more to investment price.
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Dates et versions

hal-01462780 , version 1 (03-06-2020)

Identifiants

  • HAL Id : hal-01462780 , version 1
  • PRODINRA : 383180

Citer

Fabienne Femenia, Laure Latruffe, Jean Paul Chavas. Responsiveness of farm investment to price changes: An empirical study of the French crop sector. 10. Journées de recherches en sciences sociales (JRSS), Société Française d'Economie Rurale (SFER). FRA.; Centre de Coopération Internationale en Recherche Agronomique pour le Développement (CIRAD). FRA.; School of Management (IESEG). FRA.; Université Catholique de Lille (UC Lille). FRA.; Université de Lille. FRA.; European Association of Agricultural Economists (EAAE). INT., Dec 2016, Paris, France. ⟨hal-01462780⟩

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