Abstract
If farmers are risk averse, greater farm income variability should increase off-farm labor supply. This effect is confirmed for a sample of Kansas farmers. Off-farm employment of farmers and their spouses is also found to be significantly influenced by farm experience, off-farm work experience, farm size, leverage, efficiency, and farm-specific education. In addition, farm operators and spouses who receive significant income support through government farm programs are less likely to work off the farm. This may suggest that policy changes reducing farm income support payments may increase off-farm employment of farmers and their spouses.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 880-887 |
| Number of pages | 8 |
| Journal | American Journal of Agricultural Economics |
| Volume | 79 |
| Issue number | 3 |
| DOIs | |
| State | Published - Aug 1997 |
| Externally published | Yes |
Keywords
- Income variability
- Off-farm labor supply
- Risk
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics