Measures of Farm Household Well-Being Tell Different Stories
AbstractTraditionally, the economic well-being of households is gauged by indicators of the financial resources availableâ€“â€” household income and, when available, wealth. ERS publishes estimates of farm household income and wealth based on responses to USDAâ€™s annual Agricultural Resource Management Survey (ARMS). Since 1998, average farm operator household income has exceeded that of the typical U.S. household by 3 to 21 percent, and median farm household wealth has been 4-5 times that of all U.S. households. But the variability of income complicates farm-nonfarm comparisons.
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Bibliographic InfoArticle provided by United States Department of Agriculture, Economic Research Service in its journal Amber Waves.
Volume (Year): (2010)
Issue (Month): (March)
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Web page: http://ers.usda.gov/AmberWaves/
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