Farm Household Income Volatility: An Analysis Using Panel Data From a National Survey
- by Nigel Key, Daniel Prager and Christopher Burns
- 2/22/2017
Overview
Farm income is highly variable, and this variability can affect household welfare, agricultural production, and environmental quality. ERS researchers use a large panel dataset to provide new information about the extent and determinants of farm household income variability, to identify trends in volatility, and to estimate the risk-mitigating benefits of U.S. Government programs.
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