The Varying Impacts of Agricultural Support Programs on U.S. Farm Household Consumption

James B. Whitaker

American Journal of Agricultural Economics, 2007, vol. 91, issue 3, 569-580

Abstract: Farm households are economic agents whose income is derived from farm, off-farm, and government sources. This article uses farm-level data from the Agricultural Resource Management Survey (ARMS) and recent advances in the econometric theory of dynamic pseudo-panels to show that farm households consume various sources of income differently at the margin. Particular attention is given to a specific type of lump-sum government transfer payment intended to be decoupled from (independent of) farm production decisions. The results suggest that relatively decoupled government subsidies have a greater marginal effect on farm household consumption than subsidies that are tied to market conditions. Copyright 2007, Oxford University Press.

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:91:y:2007:i:3:p:569-580

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