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Financial Well-Being of Farm Operators and Their Households

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  • Ahearn, Mary

Abstract

Almost a sixth of all U.S. farming households suffered net income losses in 1984 while about a ninth had total incomes of more than $60,000. This disparity in a relatively high income year for the agricultural sector as a whole demonstrates the importance of income distribution in determining the overall financial well-being of farm operators and their households. Most of the average farming household's income earned on the farm came in the form of the rental value of farm dwellings, home consumption of farm-produced food, and wages and benefits operators paid themselves and their households. In 1984, about three-fifths of the total income earned by farming households came from off-farm sources.

Suggested Citation

  • Ahearn, Mary, 1986. "Financial Well-Being of Farm Operators and Their Households," Agricultural Economic Reports 308015, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:308015
    DOI: 10.22004/ag.econ.308015
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    File URL: https://ageconsearch.umn.edu/record/308015/files/aer563.pdf
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    References listed on IDEAS

    as
    1. Ahearn, Mary & Johnson, Jim & Strickland, Roger, 1985. "The Distribution Of Income And Wealth Of Farm Operator Households," 1985 Annual Meeting, August 4-7, Ames, Iowa 278657, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Boxley, Robert F., 1985. "Farmland Ownership and the Distribution of Land Earnings," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 37(4), pages 1-5.
    3. 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.
    4. Mary Ahearn & Jim Johnson & Roger Strickland, 1985. "The Distribution of Income and Wealth of Farm Operator Households," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(5), pages 1087-1094.
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    Cited by:

    1. Bruce Gardner & Barry Goodwin & Mary Ahearn, 2007. "Economic statistics and U.S. agricultural policy," Agricultural Economics, International Association of Agricultural Economists, vol. 37(s1), pages 237-248, December.
    2. Emerson, Robert D. & Blair, Benjamin F., 1989. "The Personal Distribution Of Income In U.S. Agriculture," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270467, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Findeis, Jill L., 1987. "Off-Farm Employment: Research and Issues," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270109, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Ashok K. Mishra & Carmen L. Sandretto, 2002. "Stability of Farm Income and the Role of Nonfarm Income in U.S. Agriculture," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(1), pages 208-221.
    5. 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.
    6. Stanton, B. F., 1987. "The Quest For Improved Agricultural Data: Concepts And Measurement," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269907, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Stanton, B.F., 1989. "Changes in Farm Size and Structure in American Agriculture in the Twentieth Century," Staff Papers 197561, Cornell University, Department of Applied Economics and Management.
    8. Stanton, Bernard F., 1990. "Changes in Farm Size and Structure in American Agriculture in the Twentieth Century," Staff Papers 121535, Cornell University, Department of Applied Economics and Management.
    9. 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.
    10. Findeis, Jill L. & Hallberg, M. C. & Lass, Daniel, 1987. "Off-Farm Employment: Research and Issues," Staff Paper Series 256841, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.
    11. Findeis, Jill L. & Reddy, Venkateshwar K., 1989. "Formulating Rural Development Programmes to Aid Low-Income Farm Families," 1989 Occasional Paper Series No. 5 197713, International Association of Agricultural Economists.

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