This paper identifies factors affecting the distribution of farm income among dairy producers over time. Using data from participants in Cornell's Dairy Farm Record Program, we decompose differences of farm income distributions into those due to: differences in means of observable farm...

Since both release resources from agricultural production, it is not surprising that decisions to work off the farm and to participate in the U. S. Conservation Reserve Program (CRP) are correlated. By incorporating these decisions into a heteroskedastic specification of a farm household income...