文章基本信息

标题：FARM CHARACTERISTICS THAT INFLUENCE NET FARM INCOME VARIABILITY AND LOSSES
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作者：Dunn, Jerry W. ; Williams, Jeffery R.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2000
期号：SUPPL
出版社：Food Distribution Research Society
摘要：Farm-level, cross-section and panel data were used with econometric methods to examinerelationships between variability in net farm income and explanatory variables including governmentpayments, gross crop income, gross livestock income, costs, efficiency measures, and othersocioeconomic characteristics such as age, leverage, percent of land rented, and enterprisediversification. The results suggest that quantifying the impacts of socioeconomic factors on variabilityof net farm income is difficult. Among the income variables, changes in gross crop income had thelargest impact. Among cross-section data, increases in interest costs, age, and diversification werefound to have positive relationships with net income variability. However, only the diversificationvariable was significant when deviations below mean net farm income were used as the measure of risk. Increasing farm size also was found to have a positive relationship with net income variability. Whenpanel data were used and the estimated models included adjustments for time or random effects, theage and diversification variables were insignificant.
关键词：diversification; farm planning; panel data; risk; tobit