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Determinants of economic well-being among U.S. farm operator households

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  • Hisham S. El-Osta
  • Ashok K. Mishra
  • Mitchell J. Morehart

Abstract

Participation in government programs has a mild impact on the economic well-being of U.S. farm households. Major factors that determine farm household prosperity are the primary operator's education level and ethnicity, education level of the spouse, and other characteristics such as forward purchasing of inputs, use of contract shipping of products, having a succession plan, farm ownership, and location in a metro area. This article uses the 2001 Agricultural Resource Management Survey (ARMS) as well as relative and an absolute measure to assess U.S. farm households' economic well-being. The relative measure compares the income and wealth position of farm households relative to median income and median wealth of the general population. The absolute measure adds annualized wealth to a farm household's income. Copyright 2007 International Association of Agricultural Economists.

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Bibliographic Info

Article provided by International Association of Agricultural Economists in its journal Agricultural Economics.

Volume (Year): 36 (2007)
Issue (Month): 3 (05)
Pages: 291-304

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Handle: RePEc:bla:agecon:v:36:y:2007:i:3:p:291-304

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Cited by:
  1. Dayton M. Lambert & Jason P. Brown & Raymond J.G.M. Florax, 2010. "A Two-Step Estimator For A Spatial Lag Model Of Counts: Theory, Small Sample Performance And An Application," Working Papers 10-5, Purdue University, College of Agriculture, Department of Agricultural Economics.
  2. El-Osta, Hisham S., 2011. "The Impact of Human Capital on Farm Operator Household Income," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(1), April.
  3. Lambert, Dayton M. & Sullivan, Patrick & Wojan, Timothy R., 2008. "Exploring Farm Business and Household Expenditure Patterns and Community Linkages," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6367, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Banerjee, Swagata (Ban) & Martin, Steven W. & Roberts, Roland K. & Larson, James A. & Hogan, Robert J., Jr. & Johnson, Jason L. & Paxton, Kenneth W. & Reeves, Jeanne M., 2007. "Adoption of Conservation-Tillage Practices in Cotton Production," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34842, Southern Agricultural Economics Association.
  5. Kimhi, Ayal, 2010. "Does Rural Household Income Depend on Neighboring Communities? Evidence from Israel," Discussion Papers 93134, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  6. Hung-Hao Chang, 2012. "Consumption inequality between farm and nonfarm households in Taiwan: a decomposition analysis of differences in distribution," Agricultural Economics, International Association of Agricultural Economists, vol. 43(5), pages 487-498, 09.

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