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| Registros recuperados: 26 | |
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| Mishra, Ashok K.; El-Osta, Hisham S.. |
| Enterprise diversification is a self-insuring strategy used by farmers to protect against risk. This paper examines the impact of various farm, operator, and household characteristics on the level of on-farm diversification. Results provide evidence that larger farms are more specialized. Also, farmers who participate in off-farm income and farms located near urban areas are less likely to diversify. Additionally, results also show a significant positive relationship between diversification and farm/crop insurance and sole proprietorships. Finally, there is also evidence that farms that received government payments are more diversified than their counterparts. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management; Risk and Uncertainty. |
| Ano: 2002 |
URL: http://purl.umn.edu/19711 |
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| Mishra, Ashok K.; El-Osta, Hisham S.; Morehart, Mitchell J.; Johnson, James D.; Hopkins, Jeffrey W.. |
| Agricultural policy is rooted in the 1930s notion that providing transfers of money to the farm sector translates into increased economic well-being of farm families. This report shows that changes in income for the farm sector or for any particular group of farm businesses do not necessarily reflect changes confronting farm households. Farm households draw income from various sources, including off-farm work, other businesses operated, and increasingly nonfarm investments. Likewise, focus on a single indicator of well-being, like income, overlooks other indicators such as the wealth held by the household and the level of consumption expenditures for health care, food, housing, and other items. Using an expanded definition of economic well-being, we... |
| Tipo: Report |
Palavras-chave: Consumption; Farm households; Income; Wealth; Well-being; Off-farm employment; Consumer/Household Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/33967 |
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| El-Osta, Hisham S.; Morehart, Mitchell J.. |
| Technology adoption in dairy production allows for higher milk yield and lower per-unit costs. The importance of herd expansion and other factors to adoption was examined using a multinomial logit model and data from the USDA's 1993 Farm Costs and Returns Survey. Predicted probabilities of adoption were used to simulate the effect of herd expansion on milk production. Results identified age, size, and specialization in dairy production as important in increasing the likelihood of adopting a capital-intense technology. Education and size of operation positively impacted the decision to adopt a management-intense technology. Age, education, credit reserves, size, and increased usage of hired labor positively influenced the decision to adopt a combined... |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries; Research and Development/Tech Change/Emerging Technologies. |
| Ano: 1999 |
URL: http://purl.umn.edu/31495 |
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| Mishra, Ashok K.; El-Osta, Hisham S.; Johnson, James D.. |
| Survival of many family farms is dependent on successful intergenerational transfer. Given the importance of succession in the farm sector, the purpose of this paper is to examine factors that are likely to influence succession decisions on U.S. farms. The paper uses 2001 ARMS data and a multinomial Logit (MNL) regression to estimate family succession, non-family succession, and farm exit decisions of farm households in the U.S. Model choice and specification issues are discussed. Results indicate that operator's education, household wealth, growth in farm size, and farm debt are important factors that determine succession decisions. Additionally, farm specialization is taken into consideration when farm operators make their succession plans. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2004 |
URL: http://purl.umn.edu/20114 |
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| El-Osta, Hisham S.; Morehart, Mitchell J.. |
| This paper examines the role of the life cycle in impacting the distribution of a combined income and wealth measure using data from the 2001 and 2006 Agricultural Resource Management Survey. Such an assessment is made using both graphical representation of the distribution of the well-being measure along with utilization of the social welfare decomposition procedure. Results show a mild yet statistically insignificant improvement in the distribution of the economic measure over the five-year period. Contribution to social welfare is found highest among the cohort where the age of the head of household is between 45 and 54 years. Targeted programs are found to enhance social welfare if they are aimed towards cohorts where the age of the head of household... |
| Tipo: Journal Article |
Palavras-chave: ARMS; Economic well-being; Gini coefficient; Lorenz curve; Welfare decomposition; Consumer/Household Economics. |
| Ano: 2009 |
URL: http://purl.umn.edu/55705 |
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| El-Osta, Hisham S.; Bernat, G. Andrew, Jr.; Ahearn, Mary Clare. |
| This paper uses the concept of the Gini Coefficient and data from the 1991 Farm Costs and Returns Survey (FCRS) to measure the role of off-farm income and that of other income sources in the size distribution of farm operator households' total personal income. Disaggregated FCRS data by region and by level of participation in off-farm employment show that nonparticipating farm operator households have, as a group, higher income inequality than participating households. The results also indicate that, irrespective of the off-farm work status of the farm operator household, the distribution of income among households in the North Central region is least unequal and that in the West is most unequal. |
| Tipo: Journal Article |
Palavras-chave: Labor and Human Capital. |
| Ano: 1995 |
URL: http://purl.umn.edu/31465 |
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| Mishra, Ashok K.; El-Osta, Hisham S.. |
| Farm families often hold large quantities of wealth and, like any other family, assess their financial progress by reviewing their net worth (or wealth) position periodically. Wealth has an impact on many decisions such as production, retirement, and succession of the farm. Households, in general, seek stability growth in wealth and, ideally, income as well. In the case of wealth, farm households will be better equipped to handle variability once the contributing sources are identified. This study measures how much of the variability in farm household assets and debt is attributed to the variability in farm and nonfarm sources of assets and farm and nonfarm sources of debt. Using a normalized variance decomposition approach and data from the Agricultural... |
| Tipo: Journal Article |
Palavras-chave: Assets; Debt; Farm households; Variability; Variance decomposition; Farm Management; Financial Economics. |
| Ano: 2005 |
URL: http://purl.umn.edu/59682 |
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| Mishra, Ashok K.; El-Osta, Hisham S.. |
| Wealth affects the economic well-being of the farm households by enabling farm households to secure credit, facilitate intergenerational transfer, and provide for smoothing consumption expenditures in times of income shortfall. This paper examines the factors that are likely to influence wealth accumulation by farm households. Specifically, we use 2001 ARMS data and multivariate regression procedure to estimate two models; one for those farm households whose wealth originates primarily from the farm and another for households with both farm- and nonfarm wealth. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/19573 |
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| Registros recuperados: 26 | |
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