Income Stabilization Through Government Payments: How Is Farm Household Consumption Affected?

James B. Whitaker and Anne Effland

Agricultural and Resource Economics Review, 2009, vol. 38, issue 1

Abstract: 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 and income source, including different types of farm program payments. The results suggest that farm households treat income from different sources as imperfect substitutes and may reserve income from specific sources for specific types of consumption. Implications for the effects of different types of government payments on the farm household are considered.

Keywords: agricultural policy; consumption; farm households; government payments; Agricultural and Food Policy (search for similar items in EconPapers)
Date: 2009
View list of references

Downloads: (external link)
http://purl.umn.edu/49863 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ags:arerjl:49863

Access Statistics for this article

More articles in Agricultural and Resource Economics Review from Northeastern Agricultural and Resource Economics Association
Contact information at EDIRC.
Series data maintained by AgEcon Search ().