Farm Income Variability and the Supply of Off-Farm Labor by Limited-Resource Farmers
We study the relationship between the off-farm labor decision and the limited-resource farmersâ€™ and spousesâ€™ off-farm experience, education, and sources of income. We found that farmersâ€™ and spousesâ€™ off-farm experience and wages are significant factors in explaining the off-farm labor supply decision. Contrary to expectations, farm income variability is not significant in the farmersâ€™ and spousesâ€™ decision to see off-farm work. The off-farm labor supply of farmers and their spouses is negatively correlated with income transfers from the government. It was also found that the spouse is a residual supplier of on-farm and off-farm labor.
Volume (Year): 36 (2004)
Issue (Month): 02 (August)
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- Dismukes, Robert & Harwood, Joy L. & Bentley, Susan E., 1997. "Characteristics and Risk Management Needs of Limited-Resource and Socially Disadvantaged Farmers," Agricultural Information Bulletins 33622, United States Department of Agriculture, Economic Research Service.
- Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economics Reports 34081, United States Department of Agriculture, Economic Research Service.
- Mishra, Ashok K. & Holthausen, Duncan M., 2002. "Effect of Farm Income and Off-Farm Wage Variability on Off-Farm Labor Supply," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 31(2), October.
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