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Using a model farm household resource allocation and data from the USDA-ERS Agricultural Resources Management Survey (ARMS), this study compares the effects of various categories of farm program payments on time allocation by farm operators and spouses. Results suggest that agricultural market...
Persistent link: https://www.econbiz.de/10005802695
According to neo-classical theory, farmoperators’ labour allocation is determined by therelative wage they can earn from their labour on and offthe farm. At the equilibrium, time should be allocated sothat the marginal returns from on- and off-farm workare equal. Thus, a move from coupled to...
Persistent link: https://www.econbiz.de/10009445700
According to neo-classical theory, farm operators’ labour allocation is determined by the relative wage they can earn from their labour on and off the farm. At the equilibrium, time should be allocated so that the marginal returns from on- and off-farm work are equal. Thus, a move from coupled...
Persistent link: https://www.econbiz.de/10005039467
In addition to farm work, most farm households in developed countries have at least one person working off-farm. The purpose of this paper is to examine if, and how, government payments, personal characteristics and household characteristics affect labor allocation of farm operators and their...
Persistent link: https://www.econbiz.de/10005771594
This study uses a large increase in US Federal crop insurance subsidies as a natural experiment to identify the importance of risk for farm operator labour supply. Subsidy increases induced greater crop insurance coverage, which in turn reduced farmers' financial risks. Crop insurance...
Persistent link: https://www.econbiz.de/10009429476
As part of 1996 legislation, the U.S. began paying farmers production flexibility contract payments designed to be somewhat decoupled from current production decisions. In the labor-leisure model, decoupled payments would be expected to only have a wealth effect, but coupled payments would be...
Persistent link: https://www.econbiz.de/10009429488
While the growing importance of off-farm earnings suggests large benefits accrue to farmers from efforts to expand off-farm income opportunities, economic well being also depends on greater efficiency. To comprehensively gauge the economic health of farm operator households' off-farm income is...
Persistent link: https://www.econbiz.de/10009429509
The USDA’s Economic Research Service (ERS) farm typology was originally developed to classify farms into relatively homogeneous groups based on their gross farm sales, the primary occupation of their operators, and whether the farms are family farms. Nearly 15 years have passed since ERS first...
Persistent link: https://www.econbiz.de/10010878797
American farms vary widely in size and other characteristics, but farming is still an industry of family businesses. Ninety-eight percent of farms are family farms, and they account for 82 percent of farm production. Small family farms make up most of the U.S. farm count and hold the majority of...
Persistent link: https://www.econbiz.de/10008741283
Persistent link: https://www.econbiz.de/10013535786