scholarly journals Simulating the Impact of Input-Price Inflation on Farm Income

1971 ◽  
Vol 3 (1) ◽  
pp. 51-57
Author(s):  
Leroy Quance ◽  
Luther Tweeten
Keyword(s):  
Interest Rates ◽  
Labor Unions ◽  
Farm Income ◽  
Input Price ◽  
Price Inflation ◽  
Price Increases ◽  
Imperfectly Competitive ◽  
The Cost ◽  
On Farm ◽  
The Impact

A 1964 survey of 500 wheat producers in Oklahoma and Kansas revealed that the cost-price squeeze is most commonly viewed by farmers as the major cause of chronically low farm income.The cost side of the squeeze is widely attributed to the wage-price spiral caused by cycles of wage and input price increases negotiated between labor unions and imperfectly competitive firms, and to rising taxes and interest rates.

scholarly journals Farmers’ Participation in Agritourism: Does It Affect the Bottom Line?

2013 ◽  
Vol 42 (3) ◽  
pp. 471-490 ◽  
Author(s):  
Hyunjeong Joo ◽  
Aditya R. Khanal ◽  
Ashok K. Mishra
Keyword(s):  
Well Being ◽  
Farm Income ◽  
Small Scale ◽  
Bottom Line ◽  
Alternative Source ◽  
Large Farm ◽  
Household Incomes ◽  
On Farm ◽  
The Impact ◽  
Economic Well Being

Agritourism is an alternative source of farm income. We examine farmers’ participation in agritourism activities to assess the impact of participation on farm household income and return to assets using a large farm-level survey. The results reveal that older, educated, and female operators are more likely to participate in agritourism. However, government subsidies and the population of the county are negatively correlated with agritourism. Of the types of farm operations examined, small-scale farms that involved agritourism generated the greatest household incomes and returns to assets. For operators of small farms, agritourism can boost the economic well-being of farm households.

A Behavioural Explanation of Smallholder Entrepreneurship with Empirical Evidence from KwaZulu-Natal, South Africa

2021 ◽  
Author(s):  
Fortunate Nosisa Zaca ◽  
Edilegnaw Wale ◽  
Unity Chipfupa
Keyword(s):  
Psychological Capital ◽  
Positive Impact ◽  
Smallholder Farmers ◽  
Farm Income ◽  
Tobit Regression ◽  
Entrepreneurial Spirit ◽  
Kwazulu Natal ◽  
Social Grant ◽  
On Farm ◽  
The Impact

Abstract This study aimed to investigate the impact of social grant dependence on on-farm entrepreneurial spirit of smallholders. A sample of 175 farmers was obtained from two communities in KwaZulu-Natal. The study employed Principal Components Analysis and Tobit regression. The entrepreneurial spirit indices were constructed from revealed preference-based questions. The study found a positive relationship between the social grant and on-farm entrepreneurial spirit. The positive impact on rural household farming activities implies that the prevailing low entrepreneurial levels among farmers are not the result of social grant dependence but lack of opportunity and other resource constraints. However, to remain effective, policy should ensure that the grant money benefits (directly/indirectly) the intended beneficiary and their households. The other factors found to be associated with on-farm entrepreneurship include age of the farmer, gender, psychological capital, access to training, access to education, access to land, inadequate farming assets, water insecurity, extension, off-farm income and group membership. The study also recommends the need for strategies that improve psychological capital and thus enhance positive on-farm entrepreneurial behaviour among smallholder farmers. Addressing institutional and farming constraints related to access to resources and services (land, credit, extension, and water) and collective action will positively contribute to on-farm entrepreneurship.

scholarly journals Impact of Proposed Changes in Commodity Programs on Farmers and Agricultural Business in the Northeast

1977 ◽  
Vol 6 (2) ◽  
pp. 180-184
Author(s):  
K. L. Robinson
Keyword(s):  
Farm Income ◽  
Farm Programs ◽  
Agricultural Business ◽  
Commodity Programs ◽  
The Cost ◽  
On Farm

The proposed changes in commodity programs which are now being considered by Congress will not have a major impact on the incomes of farmers in the Northeast nor on sales of firms supplying inputs or services to farmers. This conclusion is based on the assumption that the principal changes finally adopted will be to raise target prices for wheat, and to a lesser degree for corn, and to encourage on-farm storage of these commodities. Neither commodity, of course, is an important source of farm income in most of the states represented at this meeting. One of the consequences of raising target prices, however, will be to increase the cost of farm programs. Substantial government payments are likely to be made once again to producers of wheat and perhaps to those growing corn and cotton as well.

scholarly journals Recent Cost Increases: Their Future Impacts on Agriculture

1975 ◽  
Vol 7 (1) ◽  
pp. 71-79
Author(s):  
Wayne A. Boutwell ◽  
Thomas W. Little
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Price Level ◽  
Capital Requirements ◽  
Farm Income ◽  
Agricultural Commodities ◽  
Domestic Prices ◽  
The Cost ◽  
The Impact ◽  
Input Prices

The impact of rapidly escalating input prices of farm income, agricultural production, production adjustments, the general price level, the cost of living and capital requirements in the agricultural sector is a source of increasing concern to farmers, suppliers of capital to agriculture, and consumers of agricultural products. Record prices for agricultural commodities, such as feed grains and soybeans, partially masked the effects of a 52 percent increase in the index of prices paid for production items on net farm income during the period 1971–74. As agricultural machinery and farm buildings are replaced, world stocks of agricultural commodities are replenished, and domestic prices begin to decline, the magnitude of these cost increases will become more apparent.

The impact of cooperatives’ transportation services on farm income: Evidence from tobacco farmers in Guizhou, China

Agribusiness ◽  
2019 ◽  
Vol 36 (1) ◽  
pp. 146-158
Author(s):  
Junying Lin ◽  
Zhonggen Zhang ◽  
Ziming Liu ◽  
Jens Rommel
Keyword(s):  
Farm Income ◽  
Transportation Services ◽  
On Farm ◽  
The Impact

scholarly journals The Impact of Bank Deregulations on Farm Financial Stress and Stability

2020 ◽  
Vol 12 (4) ◽  
pp. 1684
Author(s):  
Eric C. Davis ◽  
Ani L. Katchova
Keyword(s):  
Fixed Effects ◽  
De Novo ◽  
Financial Stress ◽  
Farm Income ◽  
Banking Deregulation ◽  
Clear Cut ◽  
Interstate Banking ◽  
Bank Deregulation ◽  
The Cost ◽  
The Impact

Previous research on bank deregulation has supported the idea that interstate banking deregulation lowered the cost of credit and increased the net farm income. This analysis builds on that base by investigating whether the agricultural loan delinquency volume was also affected. Using a panel data fixed effects approach, deregulation was found to be associated with changes in the volume of delinquencies: interstate banking deregulation reduced the volume of production loan delinquencies, and de novo branching deregulation increased both production and real-estate loan delinquencies. Thus, deregulation’s outcome is not clear cut: interstate banking reduced farm financial stress but de novo deregulation increased it.

scholarly journals The Effect of the Comprehensive Rural Village Development Program on Farm Income in South Korea

2020 ◽  
Vol 12 (17) ◽  
pp. 6877
Author(s):  
Eunji Choi ◽  
Jonghoon Park ◽  
Seongwoo Lee
Keyword(s):  
Rural Development ◽  
South Korea ◽  
Positive Impact ◽  
Rural Households ◽  
Development Program ◽  
Farm Income ◽  
Rural Village ◽  
Ex Post ◽  
On Farm ◽  
The Impact

Faced with an aging and declining population, many governments around the world endeavor to revitalize their rural communities in a sustainable manner. In South Korea, the Comprehensive Rural Village Development Program (CRVDP) was carried out from 2004 to 2013 as a key strategy to reinvigorate rural areas. This study aims to conduct an ex-post quantitative evaluation of the effectiveness of the CRVDP in boosting rural households’ farm income. In doing so, the present study adopts quasi-experimental research design that is seldom utilized in assessing rural policies. As an alternative evaluation tool with flexibility for using readily available data, the study employed the combined application of the Heckman selection model and the Blinder–Oaxaca decomposition method. The study revealed a significant positive impact of the Program on farm income of rural households in the program-supported areas from both cross-sectional and longitudinal perspectives. A robust causal estimation of the impact of this bottom-up, multi-sectoral rural development program on farm income is achieved, which can be leveraged to widely promote similar type of rural development approach.

scholarly journals The Effects of Rising Food and Fuel Costs on Poverty in Pakistan

2008 ◽  
Vol 13 (Special Edition) ◽  
pp. 117-138 ◽  
Author(s):  
Theresa Thompson Chaudhry ◽  
Azam Amjad Chaudhry
Keyword(s):  
Food Prices ◽  
Food Price ◽  
Energy Price ◽  
Price Shocks ◽  
Price Inflation ◽  
Fuel Prices ◽  
Price Increases ◽  
Head Count ◽  
The Impact ◽  
Poverty Levels

The dramatic increase in international food and fuel prices in recent times is a crucial issue for developing countries and the most vulnerable to these price shocks are the poorest segments of society. In countries like Pakistan, the discussion has focused on the impact of substantially higher food and fuel prices on poverty. This paper used PSLM and MICS household level data to analyze the impact of higher food and energy prices on the poverty head count and the poverty gap ratio in Pakistan. Simulated food and energy price shocks present some important results: First, the impact of food price increases on Pakistani poverty levels is substantially greater than the impact of energy price increases. Second, the impact of food price inflation on Pakistani poverty levels is significantly higher for rural populations as compared to urban populations. Finally, food price inflation can lead to significant increases in Pakistani poverty levels: For Pakistan as a whole, a 20% increase in food prices would lead to an 8% increase in the poverty head count.

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