A new index measure and its use for describing US agriculture: Some initial findings and suggestions for monitoring and reporting

A new indicator of farm income dependence is developed for identifying differences in resource allocation among farm households. Analysis of farm household data between 1996 and 2006 identifies the index as being more informative and indicative of structural responses than the typical reliance on shares of farm income in the total for the representative household. Extensions of the index and complementarities with other measures are straightforward and offer potential valuable insight into coming trends in U.S. agriculture as the farm household population responds to higher prices induced by the biofuel boom.


Issue Date:
2015
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/196822
Total Pages:
30
Series Statement:
Paper
154




 Record created 2017-04-01, last modified 2017-08-28

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