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Economic Aspects Of Farm Poverty

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  • Vincent, David P.

Abstract

The results of the Henderson Poverty Inquiry's 1973 farm household income survey are discussed and supplemented by income distributions based on taxation returns from 1968/69 to 1972/73. It is concluded that much low income 'poverty' is temporary, being the product of the instability of agriculture. A case is made for the inclusion of wealth in farm and non-farm welfare comparisons. Proposals aimed at directly increasing incomes are discussed and hypothetical income distributions are presented to indicate the impact of the Henderson Inquiry's guaranteed income scheme on farm income distributions.

Suggested Citation

  • Vincent, David P., 1976. "Economic Aspects Of Farm Poverty," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 1-16, August.
    • Handle: RePEc:ags:ajaeau:22684
    DOI: 10.22004/ag.econ.22684
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    References listed on IDEAS

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    1. Standen, B.J., 1972. "Evaluation Of The Efficiency Of Resource Use On Farms And The Welfare Of Farm People," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 16(1), pages 1-11, April.
    2. Smyth, David J & McMahon, Patrick C, 1972. "The Australian Short-Run Consumption Function," The Economic Record, The Economic Society of Australia, vol. 48(122), pages 220-231, June.
    3. B.J. Standen, 1972. "Evaluation Of The Efficiency Of Resource Use On Farms And The Welfare Of Farm People," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 16(1), pages 34-44, April.
    4. Thomas A. Carlin & Edward I. Reinsel, 1973. "Combining Income and Wealth: An Analysis of Farm Family "Well-Being"," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(1), pages 38-44.
    5. Partridge, A.J.S. & Musgrave, Warren F., 1974. "Two Suggested Adjustments In Farm Income Measurement Using Taxation Data," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(1), pages 1-12, April.
    6. A.J.S. Partridge & Warren F. Musgrave, 1974. "Two Suggested Adjustments In Farm Income Measurement Using Taxation Data," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 18(1), pages 48-59, April.
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    Cited by:

    1. Musgrave, Warren F., 1979. "Rural Poverty: Policy Options," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(03), pages 1-15, December.
    2. Freebairn, John W., 1983. "Drought Assistance Policy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 27(3), pages 1-15, December.
    3. Arslan, AslIhan, 2011. "Shadow vs. market prices in explaining land allocation: Subsistence maize cultivation in rural Mexico," Food Policy, Elsevier, vol. 36(5), pages 605-613, October.
    4. Jean-Louis Brangeon & Guénhaël Jegouzo & Bernard Roze, 1993. "Pauvreté économique en agriculture au cours des années 1980," Working Papers hal-01929021, HAL.
    5. Bruce Chapman & Linda Courtenay Botterill, 2009. "A Revenue Contingent Loan Instrument for Agricultural Credit with Particular Reference to Drought Relief," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 12(2), pages 181-196.

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    Keywords

    Agricultural Finance;

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