Economic Well-Being of Farm Households

Carol Adaire Jones, Hisham S. El-Osta and Robert C. Green

No 34095, Economic Brief from United States Department of Agriculture, Economic Research Service

Abstract: Farm subsidy programs were introduced in the 1930s largely due to concern for chronically low, and highly variable, incomes of US farm households. Today commodity-based support programs are still prominent, though income and wealth of the average farm household now exceed that of the average nonfarm households - by a large margin. Farm income continues to be highly variable, but the small set of farm households most at risk for income variability - because farm income represents more than one-third of household income - are those operating large farms. And they have substantial net worth, which cushions uncertain farm income.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 6
Date: 2006
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerseb:34095

DOI: 10.22004/ag.econ.34095

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