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Kansas agriculture sector. An increase in lagged machinery and equipment depreciation and lagged farm motor vehicle and …
Persistent link: https://www.econbiz.de/10005012677
In the last 25 years, U.S. crop farms have steadily declined in number and grown in average size, as production has shifted to larger operations. Larger farms tend to receive more commodity program payments because most payments are tied to a farm’s current or historical production, but...
Persistent link: https://www.econbiz.de/10008546873
National average statistics related to farm production mask the diversity in the Nation's 2 million farms and the people who operate them. Farms in the United States differ not only by size (sales and acres) and type of production, but also by organizational characteristics (land ownership,...
Persistent link: https://www.econbiz.de/10005500236
Conservation reserve program (CRP) payments amount to several billion dollars annually. Payments are allocated to both remove land from production and to help farmers pay for conservation improvements. However, research examining whether farmers increase their utility with CRPs is limited. This...
Persistent link: https://www.econbiz.de/10005469247
This study uses matching to evaluate the effect of decoupled payments on the acreage response of Iowa farmers who were in business in 1997 and 2002. Using farm-level panel data from the U.S. Agricultural Census, we examine whether farmers receiving high levels of 1997 agricultural payments per...
Persistent link: https://www.econbiz.de/10005483396
We examine the effects of space and government payments on off-farm employment among principal farm operators for the entire US as well as for ERS/USDA farm resource regions. Spatial dependency in off-farm employment of principal farm operators in the U.S. overall is evident; however, this is...
Persistent link: https://www.econbiz.de/10005327343
This paper adapts a generalized expected utility (GEU) maximization model (Epstein and Zin, 1989 and 1991) to examine the intertemporal risk management of wheat producers in the Pacific Northwest. Optimization results based on simulated data indicate the feasibility of the GEU optimization as a...
Persistent link: https://www.econbiz.de/10005327357
Persistent link: https://www.econbiz.de/10005382313
We estimate the impacts of various types of government payments to U.S. agriculture on different components of farm household consumption. Using 2003 to 2005 data from the Agricultural Resource Management Survey (ARMS), we show that marginal rates of consumption differ by consumption category...
Persistent link: https://www.econbiz.de/10004991647
The first part of this paper presents a simple labor supply and production model wherein farmers with diminishing marginal utility of income derive nonpecuniary benefits from farming. We use the model to show how lump-sum or decoupled government payments could have positive and substantial...
Persistent link: https://www.econbiz.de/10005038952