Journal Article

Farm Income Variability and the Supply of Off-Farm Labor

Ashok K. Mishra and Barry K. Goodwin

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 79, issue 3, pages 880-887
Published in print August 1997 | ISSN: 0002-9092
Published online August 1997 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244429
Farm Income Variability and the Supply of Off-Farm Labor

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  • Demand and Supply of Labour
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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 who receive significant income support through government farm programs are less likely to work off the farm. This may suggest that policy changes reducing farm income support payments may increase off-farm employment of farmers and their spouses.

Keywords: income variability; off-farm labor supply; risk; J220; J430; Q120

Journal Article.  0 words. 

Subjects: Demand and Supply of Labour ; Particular Labour Markets ; Agricultural Economics

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