Determinants of economic well-being among U.S. farm operator households

Hisham S. El-Osta, Ashok K. Mishra, Mitchell J. Morehart

Research output: Contribution to journalArticle

17 Scopus citations

Abstract

Participation in government programs has a mild impact on the economic well-being of U.S. farm households. Major factors that determine farm household prosperity are the primary operator's education level and ethnicity, education level of the spouse, and other characteristics such as forward purchasing of inputs, use of contract shipping of products, having a succession plan, farm ownership, and location in a metro area. This article uses the 2001 Agricultural Resource Management Survey (ARMS) as well as relative and an absolute measure to assess U.S. farm households' economic well-being. The relative measure compares the income and wealth position of farm households relative to median income and median wealth of the general population. The absolute measure adds annualized wealth to a farm household's income.

Original languageEnglish (US)
Pages (from-to)291-304
Number of pages14
JournalAgricultural Economics
Volume36
Issue number3
DOIs
StatePublished - May 1 2007
Externally publishedYes

    Fingerprint

Keywords

  • ARMS data
  • Composite measure of economic well-being
  • Farm households

ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Economics and Econometrics

Cite this