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Economic Well-Being of Farm Households 31
Jones, Carol Adaire; El-Osta, Hisham S.; Green, Robert C..
Farm subsidy programs were introduced in the 1930s largely due to concern for chronically low, and highly variable, incomes of US farm households. Today commodity-based support programs are still prominent, though income and wealth of the average farm household now exceed that of the average nonfarm households - by a large margin. Farm income continues to be highly variable, but the small set of farm households most at risk for income variability - because farm income represents more than one-third of household income - are those operating large farms. And they have substantial net worth, which cushions uncertain farm income.
Tipo: Report Palavras-chave: Farm households; Household income; Household wealth; Household net worth; Living expenses; Joint income-wealth indicator; Economic well-being; Financial well-being; Off-farm employment; Income variability; ERS; USDA; Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/34095
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