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A Comparison of the Economic Well-Being of Farm and Nonfarm Households

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  • Ani L. Katchova

Abstract

This study compares the economic well-being of farm and nonfarm households using data from the Agricultural Resource Management Survey and the Survey of Consumer Finances. Comparisons are made in terms of income and wealth using parametric and nonparametric tests, regression analyses, and inequality measures. The results show that the economic well-being of households differs based on their degree of involvement in business activities and their life-cycle stages. The main conclusion is that the income of rural residence and intermediate farms is comparable to that of wage-earning nonfarm households, while commercial farms are similar in well-being to nonfarm households with businesses. Copyright 2008, Oxford University Press.

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  • Ani L. Katchova, 2008. "A Comparison of the Economic Well-Being of Farm and Nonfarm Households," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 733-747.
    • Handle: RePEc:oup:ajagec:v:90:y:2008:i:3:p:733-747
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    File URL: http://hdl.handle.net/10.1111/j.1467-8276.2007.01128.x
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    Citations

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    Cited by:

    1. Bruno Henry de Frahan & J r mie Dong & Rembert De Blander, 2017. "Farm Household Incomes in OECD Member Countries over the Last 30 Years of Public Support," LIS Working papers 700, LIS Cross-National Data Center in Luxembourg.
    2. Miller, Ana Corina & Jack, Claire G. & Anderson, Duncan J., 2014. "An exploration of the factors influencing well-being of farm and non-farm households," 88th Annual Conference, April 9-11, 2014, AgroParisTech, Paris, France 169732, Agricultural Economics Society.
    3. Peake, Whitney O. & Marshall, Maria I., 2009. "Has the "Farm Problem" Disappeared? A Comparison of Household and Self-Employment Income Levels of the Farm and Nonfarm Self-Employed," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46304, Southern Agricultural Economics Association.
    4. Weber, Jeremy G. & Key, Nigel D., 2013. "Does proprietor wealth influence small business decisions? Land appreciation and farm business borrowing, land ownership, and output," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150408, Agricultural and Applied Economics Association.
    5. Martin Nordin & Sören Höjgård, 2019. "Earnings and Disposable Income of Farmers in Sweden, 1997–2012," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 41(1), pages 153-173, March.
    6. Rocchi, B & Marino, M & Severini, S, 2018. "Does a farm household income problem still exist in the European Union?," 2018 Seventh AIEAA Conference, June 14-15, Conegliano, Italy 275653, Italian Association of Agricultural and Applied Economics (AIEAA).
    7. Robert Finger & Nadja El Benni, 2021. "Farm income in European agriculture: new perspectives on measurement and implications for policy evaluation," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(2), pages 253-265.
    8. Gianluca Stefani & Benedetto Rocchi & Donato Romano, 2012. "Does agriculture matter? Revisiting the farm income problem in Italy," Working Papers - Economics wp2012_18.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    9. Fabio Boncinelli & Leonardo Casini, 2014. "A Comparison of the Well-Being of Agricultural and Non Agricultural Households Using a Multicriterial Approach," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(1), pages 183-195, October.
    10. 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, September.
    11. Frahan, Bruno Henry de & Nkunzimana, Tharcisse & De Blander, Rembert & Gaspart, Frederic & Sumner, Daniel A., 2008. "Farm Household Incomes And Reforming The Cap," 109th Seminar, November 20-21, 2008, Viterbo, Italy 44814, European Association of Agricultural Economists.
    12. Hadrich, Joleen C. & Wolf, Christopher A. & Johnson, Kamina K., 2015. "Chacterizing U.S. Dairy Farm Wealth and Income Distributions," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205383, Agricultural and Applied Economics Association.
    13. Simone Severini & Luigi Biagini, 2020. "The direct and indirect effect of CAP support on farm income enhancement:a farm-based econometric analysis," Papers 2009.07684, arXiv.org, revised Jul 2023.

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