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Effects of Changes to Farm Program Payment Policies on the Distribution of Payments and Income Inequality of Farm Households 31
Durst, Ron L.; El-Osta, Hisham S..
In recent years, increasing attention has focused on the distribution of government payments, especially the share of payments that go to large farms and high-income farm households. Farm commodity program payment limits were first introduced in the Agricultural Act of 1970. The Farm Security and Rural Investment Act of 2002 for the first time supplemented program payment limits with a cap on the income farmers could earn and still receive farm program payments. The 2008 Farm Act tightened payment limitations on some producers and replaced the total adjusted gross income (AGI) limit with separate lower caps for the farm and nonfarm components of AGI. This research uses data from the Agricultural Resource Management Survey (ARMS), a survey of farm...
Tipo: Conference Paper or Presentation Palavras-chave: Program payments; Farm households; Income; Inequality; Payment limits; Adjusted gross income; Agricultural and Food Policy; Consumer/Household Economics.
Ano: 2010 URL: http://purl.umn.edu/60993
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Do Government Payments Influence Farm Size and Survival? 31
Key, Nigel D.; Roberts, Michael J..
Using farm-level data from the 1987, 1992, and 1997 Census of Agriculture, this study estimates what effect agricultural payments have had on the likelihood of farm business survival and on farm size. The unique panel data set permits conditioning current farm size on past farm size, which removes much of the individual heterogeneity of farms that could be spuriously correlated with payment levels. Results indicate that between consecutive censuses, past per acre payments have a significant positive effect on farm business survival and a small yet significant influence on the size of continuing farms.
Tipo: Journal Article Palavras-chave: Agricultural payments; Exit rate; Farm size; Growth; Payment limits; Survival; Agricultural and Food Policy; Agricultural Finance; Farm Management.
Ano: 2007 URL: http://purl.umn.edu/8645
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