Farm Income Variability and the Supply of Off-Farm Labor by Limited-Resource Farmers

Farm Income Variability and the Supply of Off-Farm Labor by Limited-Resource Farmers

Farm Income Variability and the Supply of Off-Farm Labor

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...

Off-Farm Labor Supply and Fertilizer Use

I develop a two-period stochastic dynamic programming model to explain the interaction between fertilizer use and off-farm labor supply. I use a well-known sample of farmers in the semi-arid tropics of India to test the model. I find that fertilizer use responds strongly to wages in the village labor market and that irrigation raises fertilizer use, while larger farmers use less fertilizer than...

Labor supply, income, and welfare of the farm household

Article history: Received 14 January 2011 Received in revised form 9 March 2012 Accepted 11 March 2012 Available online 28 March 2012 JEL classification: D1 J2 Q1

Off-Farm Income, Technology Adoption, and Farm Economic Performance

The economic well-being of most U.S. farm households depends on income from both onfarm and off-farm activities. Consequently, for many farm households, economic decisions (including technology adoption and other production decisions) are likely to be shaped by the allocation of managerial time among such activities. While time allocation decisions are usually not measured directly, we observe ...