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Farm Household Income Volatility: An Analysis Using Panel Data From a National Survey

  • by Nigel Key, Daniel Prager and Christopher Burns
  • 2/22/2017
  • ERR-226

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.

See related Amber Waves article: Farm Households Experience High Levels of Income Volatility

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