IDEAS home Printed from https://ideas.repec.org/p/ags/aaea15/205383.html
   My bibliography  Save this paper

Chacterizing U.S. Dairy Farm Wealth and Income Distributions

Author

Listed:
  • Hadrich, Joleen C.
  • Wolf, Christopher A.
  • Johnson, Kamina K.

Abstract

Income and wealth inequality of U.S. dairy farms was estimated via the adjusted-gini coefficient using data from the 2005 and 2010 ARMS dairy costs and returns Phase III survey data. Results at the sample level demonstrate income and wealth inequality exists. A sample level quantile regression was estimated at decile (10%) increments to determine the factors that caused this inequality using net farm income per cwt of milk sold and net worth per cwt of milk sold and income and wealth measures, respectively. Results indicated that organic producers had higher income and wealth levels than conventional producers for both measures while life cycle effects were only present for the wealth measure.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:aaea15:205383
    DOI: 10.22004/ag.econ.205383
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/205383/files/AAEA%20Paper_6869.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.205383?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Koenker, Roger W & Bassett, Gilbert, Jr, 1978. "Regression Quantiles," Econometrica, Econometric Society, vol. 46(1), pages 33-50, January.
    2. Swindall, Devin C. & Willis, David B. & Boys, Kathryn A. & Hughes, David W., 2011. "The Determinants of Self-Employed Income in a Regional Economy," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103957, Agricultural and Applied Economics Association.
    3. Mishra, Ashok & El-Osta, Hisham & Gillespie, Jeffrey M., 2009. "Effect of agricultural policy on regional income inequality among farm households," Journal of Policy Modeling, Elsevier, vol. 31(3), pages 325-340, May.
    4. 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.
    5. El-Osta, Hisham, 2011. "The Impact of Human Capital on Farm Operator Household Income," Agricultural and Resource Economics Review, Cambridge University Press, vol. 40(1), pages 95-115, April.
    6. 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), pages 1-21, April.
    7. Hisham S. El‐Osta & Ashok K. Mishra & Mitchell J. Morehart, 2007. "Determinants of economic well‐being among U.S. farm operator households," Agricultural Economics, International Association of Agricultural Economists, vol. 36(3), pages 291-304, May.
    8. Uematsu, Hiroki & Mishra, Ashok K., 2011. "Use of Direct Marketing Strategies by Farmers and Their Impact on Farm Business Income," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(1), pages 1-19, April.
    9. Dong, Fengxia & Hennessy, David A. & Jensen, Helen H., 2012. "Factors determining milk quality and implications for production structure under somatic cell count standard modification," Staff General Research Papers Archive 35608, Iowa State University, Department of Economics.
    10. Graham Pyatt & Chau-nan Chen & John Fei, 1980. "The Distribution of Income by Factor Components," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(3), pages 451-473.
    11. Hennings, Enrique & Katchova, Ani L., 2005. "Business Growth Strategies Of Illinois Farms: A Quantile Regression Approach," 2005 Annual meeting, July 24-27, Providence, RI 19367, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Law, Jonathan M., 2020. "Organic and Conventional Milk Production Practices and Costs between 2005 and 2016: Comparisons and Contrasts by Farm Size, Region and Pasture Use," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304615, Agricultural and Applied Economics Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Khanal, Aditya R. & Mishra, Sachin K & Honey, Ummey, 2018. "Certified organic food production, financial performance, and farm size: An unconditional quantile regression approach," Land Use Policy, Elsevier, vol. 78(C), pages 367-376.
    2. 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.
    3. Severini, Simone & Tantari, Antonella, 2014. "The contribution of different off-farm income sources and government payments to regional income inequality among farm households in Italy," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 3(2), pages 1-17, August.
    4. Schorr, A. & Lips, M., 2018. "Influence of milk yield on profitability a quantile regression analysis," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277000, International Association of Agricultural Economists.
    5. Brown, Jason P. & Weber, Jeremy, 2013. "The Off-Farm Occupations of U.S. Farm Operators and Their Spouses," Economic Information Bulletin 156535, United States Department of Agriculture, Economic Research Service.
    6. Wang, Sun Ling & Hoppe, Robert A & Hertz, Thomas & Xu, Shicong, 2022. "Farm Labor, Human Capital, and Agricultural Productivity in the United States," Economic Research Report 327178, United States Department of Agriculture, Economic Research Service.
    7. Nadja El Benni & Robert Finger & Stefan Mann & Bernard Lehmann, 2012. "The distributional effects of agricultural policy reforms in Switzerland," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 58(11), pages 497-509.
    8. Nitta, Atomu & Yamamoto, Yasutaka & Kondo, Katsunobu & Sawauchi, Daisuke, 2020. "Direct payments to Japanese farmers: Do they reduce rice income inequality? Lessons for other Asian countries," Journal of Policy Modeling, Elsevier, vol. 42(5), pages 968-981.
    9. Shuai Zhou & Guangqing Chi, 2022. "Farmland Rental: The Impacts of Household Demographics and Livelihood Strategies in China," Land, MDPI, vol. 11(8), pages 1-18, August.
    10. El Benni, Nadja & Finger, Robert, 2013. "The effect of agricultural policy reforms on income inequality in Swiss agriculture - An analysis for valley, hill and mountain regions," Journal of Policy Modeling, Elsevier, vol. 35(4), pages 638-651.
    11. Ciliberti, Stefano & Frascarelli, Angelo, 2015. "The role of CAP in enhancing farm incomes: the redistributive effect of direct payments in Italy," 147th Seminar, October 7-8, 2015, Sofia, Bulgaria 212244, European Association of Agricultural Economists.
    12. Joshua D. Detre & Hiroki Uematsu & Ashok K. Mishra, 2011. "The influence of GM crop adoption on the profitability of farms operated by young and beginning farmers," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 71(1), pages 41-61, May.
    13. Rakhshanda, Kousar & Awudu, Abdulai, 2013. "Impacts of rural non-farm employment on household welfare in Pakistan," 2013 Second Congress, June 6-7, 2013, Parma, Italy 149890, Italian Association of Agricultural and Applied Economics (AIEAA).
    14. 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).
    15. 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), pages 1-21, April.
    16. Mishra, Ashok K. & Harris, Michael & Bampasidou, Maria, 2018. "Health Insurance Coverage and Labor Allocation of Beginning Farm Operator Households," 2018 Annual Meeting, August 5-7, Washington, D.C. 274172, Agricultural and Applied Economics Association.
    17. Oliver Musshoff & Norbert Hirschauer, 2011. "A behavioral economic analysis of bounded rationality in farm financing decisions," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 71(1), pages 62-83, May.
    18. Ahmed Raza Cheema & Adeel Saleem & Hubert Visas & Jabbar Ul-Haq, 2022. "Role of Education, Age, and Family Size on Food Insecurity in Pakistan: A Quantile Regression Analysis," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(5), pages 2576-2597, October.
    19. Severini, Simone & Tantari, Antonella, 2014. "How do different off-farm income sources affect income inequality among farm households?," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182843, European Association of Agricultural Economists.
    20. Ahearn, Mary Clare & Sterns, James, 2013. "Direct-to-Consumer Sales of Farm Products: Producers and Supply Chains in the Southeast," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45, pages 1-12, August.

    More about this item

    Keywords

    Agricultural Finance; Farm Management;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea15:205383. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.