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Farm Household Consumption Patterns
Author(s) -
Carriker Gordon L.,
Featherstone Allen M.,
Schroeder Ted C.
Publication year - 1993
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349712
Subject(s) - consumption (sociology) , agricultural economics , business , economics , agricultural science , environmental science , sociology , social science
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.