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Impact of Program Payments on Time Allocation and Farm Household Income
- Article from:
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Journal of Agricultural and Applied Economics
- Article date:
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December 1, 2007
- Author:
- Dewbre, Joe; Mishra, Ashok K
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Copyright informationCopyright Southern Agricultural Economics Association Dec 2007. Provided by ProQuest LLC. (Hide copyright information)
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Using a model of farm household resource allocation and data from the USDA-ERS Agricultural Resource Management Survey (ARMS), this study compares the effects of various categories of farm program payments on time allocation by farm operators and spouses. Results suggest that agricultural market transition payments (AMTA) increase leisure hours of both farm operators and spouses. Loan deficiency payments (LDP) and payments that combine market loan assistance (MLA) and disaster payments are shown to reduce leisure. The study also finds that AMTA payments exhibit a much higher degree of income transfer efficiency than the LDP and MLA payments.
Key Words: Agricultural Resource Management ...
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700 words
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