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| Registros recuperados: 23 | |
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| Key, Nigel D.; Roberts, Michael J.; O'Donoghue, Erik J.. |
| Previous research has found that on-farm income variability helps determine off-farm labor supply. However, unobserved heterogeneity of farms or regions may have biased earlier results. In this study, we use an exogenous increase in Federal crop insurance subsidies as a natural experiment to identify the importance of risk in off-farm labor supply. The subsidy increases induced greater participation in crop insurance programs and thereby reduced farmers' financial risks. By merging county-level crop insurance participation data with farm-level Agricultural Census data from 1992 and 1997 we can compare the off-farm labor decisions of individual farms before and after the subsidy and thereby control for unobserved heterogeneity. Unlike previous studies, we... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Labor and Human Capital. |
| Ano: 2003 |
URL: http://purl.umn.edu/22175 |
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| MacDonald, James M.; Hoppe, Robert A.; Korb, Penelope J.; O'Donoghue, Erik J.. |
| We use two comprehensive and representative USDA databases to assess the performance of small farms in the U.S. Farm production is shifting to much larger farms, and the number of small commercial farms is declining. Most large U.S. farms remain family-owned and operated enterprises, and most remain small businesses by U.S. standards. Small commercial farms tend to focus on three commodities: beef cattle, grains and oilseeds, and poultry. On average, large farm financial returns substantially exceed those on small farms, but the range of performance among small farms is quite wide. About one quarter of the nearly 800,000 small commercial farms show very good financial returns. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Small farms; Structural change; Farm income; Agricultural and Food Policy; Q12. |
| Ano: 2009 |
URL: http://purl.umn.edu/52870 |
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| Melhim, Almuhanad; O'Donoghue, Erik J.; Shumway, C. Richard. |
| Recent consolidation in agriculture has shifted production toward fewer but larger farms, reshaping business relationships between farmers, processors, input suppliers, and local communities. We analyze growth and diversification of U.S. corn, wheat, apple, and beef farms by examining longitudinal changes in 10 size cohorts through three successive censuses. We fail to reject Gibrat’s law in apple and wheat industries and the mean reversion hypothesis in beef and corn industries. Apple and wheat farms diversify over time. The findings suggest that scale economies diminish for large farms across all four industries and scope economies dominate scale economies for large apple and wheat farms. |
| Tipo: Journal Article |
Palavras-chave: Diversification; Firm growth; Gibrat’s law; Longitudinal data; Scale economies; Scope economies; Agribusiness; Farm Management; Production Economics; Q12. |
| Ano: 2009 |
URL: http://purl.umn.edu/48757 |
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| Registros recuperados: 23 | |
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