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Mishra, Ashok K.; Erickson, Kenneth W.; Harris, James Michael; Hallahan, Charles B.; Uematsu, Hiroki. |
This study examines the determinants of income diversification of farm households in the United States. Farm households allocate their time between farm and off-farm activities to help stabilized household income (consumption). What characterizes those households who engage in off-farm activities? Is there any pattern over time? Using 1999, 2003 and 2007 farm-level data from the USDA’s Agricultural Resource Management Survey (ARMS), this study estimates intensity of off-farm income (or income diversification). The results show that older operators, full owners, and small farms have higher intensity of off-farm income in total household income. In contrast, dairy farms, vertically coordinated farms and farms located in the Southern and Pacific regions have... |
Tipo: Journal Article |
Palavras-chave: Tobit; Income diversification; Vertical integration; Tenure; Farm households; Agricultural Finance; Consumer/Household Economics; D1; J2; Q12. |
Ano: 2010 |
URL: http://purl.umn.edu/61632 |
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Uematsu, Hiroki; Mishra, Ashok K.. |
The objective of this study is to estimate the impact of natural amenity on farmland values in the contiguous United States using a quantile regression approach and data from the 2006, 2007, and 2008 Agricultural Resource Management Surveys. The contribution of this study is three-fold. First, we explicitly include variables representing natural amenity and soil characteristics of farmland. Second, we employ a quantile regression approach to examine potentially heterogeneous impacts of natural amenity and soil characteristics at different quantiles of farmland values. Third, we utilized data from a nationwide survey of farm household to examine findings in studies using regional data are consistent at a national scale. Our quantile regression analysis... |
Tipo: Presentation |
Palavras-chave: Farmland Values; Quantile Regression; Natural Amenity; Environmental Economics and Policy; Land Economics/Use; C14; Q15; Q24. |
Ano: 2012 |
URL: http://purl.umn.edu/119804 |
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