1997•American Journal of Agricultural EconomicsRequires access

Farm Income Variability and the Supply of Off‐Farm Labor

Ashok Kumar Mishra, Barry K. Goodwin

Abstract

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.

About this research paper

What this paper is about

Why it matters

OpenAlex reports 344 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Farm income, Payment, Income Support, Leverage (statistics), Business, Farm workers, Government (linguistics), Household income