Source: USDA/ERS submitted to NRP
DETERMINANTS OF FARM HOUSEHOLD'S INCOME AND WEALTH
Sponsoring Institution
Economic Research Service/USDA
Project Status
COMPLETE
Funding Source
USDA INHOUSE
Reporting Frequency
Annual
Accession No.
0406356
Grant No.
(N/A)
Cumulative Award Amt.
(N/A)
Proposal No.
(N/A)
Multistate No.
(N/A)
Project Start Date
Jun 1, 2002
Project End Date
Sep 30, 2006
Grant Year
(N/A)
Program Code
[(N/A)]- (N/A)
Recipient Organization
USDA/ERS
1800 M STREET NW
WASHINGTON,DC 20036
Performing Department
ECONOMIC RESEARCH SERVICE
Non Technical Summary
Current debate among policymakers continues to center about how best to provide and maintain a viable agricultural sector. This research project uses micro-level data and advanced statistical procedures to identify factors that effect income generation and wealth accumulation. Factors examined are those pertaining to operator's characteristics,household characteristics, and farm characteristics.
Animal Health Component
100%
Research Effort Categories
Basic
0%
Applied
100%
Developmental
(N/A)
Classification

Knowledge Area (KA)Subject of Investigation (SOI)Field of Science (FOS)Percent
60260203010100%
Knowledge Area
602 - Business Management, Finance, and Taxation;

Subject Of Investigation
6020 - The family and its members;

Field Of Science
3010 - Economics;
Goals / Objectives
Assess factors hypothesized to affect farm income and wealth of farm households and determine how much of the difference in income and wealth is explained by these factors.
Project Methods
The objective of this project is achieved by using weighted multiple linear regression and estimates of coefficient of separate determination to obtain functional relationships and to investigate how much of the inequality among farm households is explained by factors such as operator age, education, hours worked off-farm, and other explanatory variables.

Progress 06/01/02 to 09/30/06

Outputs
The research under this project is being consolidated under the umbrella project, Indicators of Farm Household Wellbeing.

Impacts
(N/A)

Publications

  • Mishra, A., El Osta, H., 2005, "Decomposition of Variability in Farm Household Assets and Debt", Journal of Agribusiness, Vol. 23, Number 2, pp. 163-182.
  • El Osta, H., Mishra, A., 2005, "Dimensions of Wealth Dispersion among Farm Operator Households: As Assessment of the Impact of Farm Subsidies", Journal of Agricultural and Applied Economics, Vol. 37 (1), pp. 187-208


Progress 10/01/04 to 09/30/05

Outputs
Research has been published looking at the determinants of variability of income and wealth.

Impacts
(N/A)

Publications

  • Mishra, A., El Osta, H., 2005, "Decomposition of Variability in Farm Household Assets and Debt", Journal of Agribusiness, Vol. 23, Number 2, pp. 163-182.
  • El Osta, H., Mishra, A., 2005, "Dimensions of Wealth Dispersion among Farm Operator Households: As Assessment of the Impact of Farm Subsidies", Journal of Agricultural and Applied Economics, Vol. 37 (1), pp. 187-208


Progress 10/01/03 to 09/30/04

Outputs
The final report is pending.

Impacts
(N/A)

Publications

  • Mishra, A., Duncan Holthausen, 2002, "Effect of Farm Income and Off-Farm Wage Variability on Off-Farm Labor Supply", Agricultural and Resource Economics Review, Vol. 31, Issue 2, pp. 187-199
  • Mishra, A., Duncan Holthausen, 2002, "Farm Income Variability and the Supply of Off-farm Labor", Agricultural and Resource Economics Review, Vol. 31 (2),, pp. 177-90
  • Mishra, A., El Osta, H., Johnson, J., Hopkins, J., Morehart, M., 2002, Income, Wealth, and the Economic Well-Being of Farm Households, Agricultural Economic Report, AER-812, U.S. Department of Agriculture, July, 79 pp.
  • Mishra, A., 2003, "The Economic Well-Being of Farm Households", Amber Waves, U.S. Department of Agriculture, February, pp.


Progress 10/01/02 to 09/30/03

Outputs
Research was undertaken to examine the economic well-being of farm operator households, paying close attention to factors that affected well-being. This research effort resulted in a manuscript titled, "A Close Look a the Economic Well-Being of Farm Operator Households: An Assessment of the Role of the Contributing Components" which is now in peer review. The project used the concept of the gini coefficient and data for an annual surevy of farmers to assess the role of off-farm income and that of income from government payments in the size distribution of farm households' total income. The same technique was also used to measure the extent of dispersion in total household wealth and to examine the role of the contributing components. The project uses a farm operator household time allocation model to measure the determinants of off-farm work decisions by the operator and/or spouse. Yet anothe rthrust of the report was to examine the determinants of economic well-being using econometric techniques.

Impacts
(N/A)

Publications

  • Mishra, A., Duncan Holthausen, 2002, "Effect of Farm Income and Off-Farm Wage Variability on Off-Farm Labor Supply", Agricultural and Resource Economics Review, Vol. 31, Issue 2, pp. 187-199
  • Mishra, A., Duncan Holthausen, 2002, "Farm Income Variability and the Supply of Off-farm Labor", Agricultural and Resource Economics Review, Vol. 31 (2),, pp. 177-90
  • Mishra, A., El Osta, H., Johnson, J., Hopkins, J., Morehart, M., 2002, Income, Wealth, and the Economic Well-Being of Farm Households, Agricultural Economic Report, AER-812, U.S. Department of Agriculture, July, 79 pp.
  • Mishra, A., 2003, "The Economic Well-Being of Farm Households", Amber Waves, U.S. Department of Agriculture, February, pp.


Progress 10/01/01 to 09/30/02

Outputs
All the computer programs for the project have been written, and a significant amount of writing has been done (all of the introductory section, review of literature section, all the sections pertaining to methods and procedures have been completed, except for a partial section on the specification of the model of economic well-being). What remains to be done is the estimation of the models and the writing of the results.

Impacts
(N/A)

Publications

  • Mishra, A., Duncan Holthausen, 2002, "Effect of Farm Income and Off-Farm Wage Variability on Off-Farm Labor Supply", Agricultural and Resource Economics Review, Vol. 31, Issue 2, pp. 187-199.
  • El Osta, H., Mishra, A., Hopkins, J., Johnson, J., Morehart, M., 2002, Income, Wealth, and the Economic Well-Being of Farm Households, Agricultural Economic Report, AER-812, U.S. Department of Agriculture, July, 79 pp.
  • Mishra, A., El Osta, H., 2001, "A Temporal Comparison of Sources of Variability in Farm Household Income", Agricultural Finance Review, Vol. 61(1), pp. 181-98.