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Farm Household Economic Well-Being (PowerPoint) AgEcon
Ahearn, Mary Clare; Milkove, Daniel; Parker, Timothy S..
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics.
Ano: 2009 URL: http://purl.umn.edu/50607
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Measures of Farm Household Well-Being Tell Different Stories AgEcon
Jones, Carol Adaire; Milkove, Daniel.
Traditionally, the economic well-being of households is gauged by indicators of the financial resources available–— household income and, when available, wealth. ERS publishes estimates of farm household income and wealth based on responses to USDA’s annual Agricultural Resource Management Survey (ARMS). Since 1998, average farm operator household income has exceeded that of the typical U.S. household by 3 to 21 percent, and median farm household wealth has been 4-5 times that of all U.S. households. But the variability of income complicates farm-nonfarm comparisons.
Tipo: Article Palavras-chave: Farm Management.
Ano: 2010 URL: http://purl.umn.edu/122157
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Farm Household Well-Being: Comparing Consumption- and Income-Based Measures AgEcon
Jones, Carol Adaire; Milkove, Daniel; Paszkiewicz, Laura.
Household economic well-being can be gauged by the financial resources (income/ wealth) available to the household or by the standard of living enjoyed by household members (consumption). Based on responses to USDA’s annual Agricultural Resource Management Survey (ARMS), a joint effort by the Economic Research Service (ERS) and the USDA National Agricultural Statistics Service, ERS has long published estimates of farm household income and wealth. This report presents, for the first time, estimates of consumption-based measures of well-being for farm households based on new questions in ARMS. The consumption measure provides a different perspective from income or wealth on farm households’ well-being relative to that of all U.S. households.
Tipo: Report Palavras-chave: Household consumption; Household income; Household well-being measures; Farm households; Self-employed households; Permanent income; Permanent income hypothesis.; Agricultural and Food Policy; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2010 URL: http://purl.umn.edu/58299
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Measuring Farm Household Well-Being: Comparing Consumption and Income-based Measures AgEcon
Jones, Carol Adaire; Milkove, Daniel; Paszkiewicz, Laura.
This paper reports estimates of consumption-based measures of well-being for farm households based on new, specially-designed survey questions in USDA’s annual, nationally representative survey of farms, the Agricultural Resource Management Survey. With this new data, we show how patterns of consumption-smoothing relative to income levels differ between farm households versus all U.S. households, and between households of operators of large farms vs. “residential-lifestyle” farms, with limited exposure to farm income variability. We then show that the consumption measure provides a different perspective than income and wealth on the well-being of farm households relative to all U.S. households.
Tipo: Conference Paper or Presentation Palavras-chave: Household consumption; Household income; Household well-being; Farm households; Consumer/Household Economics; D1:Household Behavior and Family Economics I31:General Welfare Q12:Micro Analysis of Farm Firms; Farm Households; And Farm Input Markets.
Ano: 2009 URL: http://purl.umn.edu/49355
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