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This article estimates quantile regressions of production, cost, and restricted profit functions using a Cobb-Douglas functional form with non-Hicks neutral technology change. In contrast to previous studies, quantile regression estimates reveal the relationship between the independent...
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This study considers agritourism and off-farm work as income diversification choices simultaneously and analyzes factors influencing such choices. Further, the study assesses the impact of agritourism, off-farm work, and both on gross cash farm income and total farm household income. We utilized...
Persistent link: https://www.econbiz.de/10010946155
Participation in government programs has a mild impact on the economic well-being of U.S. farm households. Major factors that determine farm household prosperity are the primary operator's education level and ethnicity, education level of the spouse, and other characteristics such as forward...
Persistent link: https://www.econbiz.de/10005202129
This study uses U.S. farm household survey data to examine how participation in the Conservation Reserve Program (CRP) affects farm household economic well-being. Further, the study also examines the effects of CRP participation on farm household consumption, income, and imputed savings. In...
Persistent link: https://www.econbiz.de/10005202154
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Using farm-level data this study investigates factors associated with the choice of three direct marketing strategies (DMSs). Particular attention is given to the role of management and marketing skills in selection of DMSs. Additionally, the study applies a selectivity-based approach for the...
Persistent link: https://www.econbiz.de/10010890767