Economic Class as a Measure of Farmers' Welfare

Donald K. Larson

American Journal of Agricultural Economics, 1975, vol. 57, issue 4, 658-664

Abstract: Special tabulations from Internal Revenue Service provide an opportunity for agricultural economists to show that average income of farm operator families distributed by size of farm business receipts gives a misleading indication of the well-being of farm families. For 1970, the distribution of farm taxpayers by basic income classes varies considerably within, as well as between, farm receipt classes. Thus, a small farm business does not mean that the family has a low income, since many receive income from off-farm sources.

Date: 1975
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