Minimum Wage Legislation and Farm Financial Structure

David A. Lins

Journal of Agricultural Economics Research, 1974, vol. 26, issue 02, 8

Abstract: Minimum wage legislation which results in higher avcrage wage rates for farm laborers would affect the assct stmcture and income flows of farm operators. A simulation model of financial struchlre of thc farm sector is uscd to show that highcr wage rates would result in inereased nonreal estate assets and debt relative to real estate assets and debt. Proprietors' equities would decline. Simulation results indicated that reduetions in net farm income due to higher wage rates would he partially offset by higher nonfaml income of farm operators and their families.

Keywords: Farm Management; Financial Economics; Public Economics (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:147166

DOI: 10.22004/ag.econ.147166

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