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Category: Application Essay

Subcategory: Economics

Level: College

Pages: 15

Words: 4125

GROWING FARMS AND INCREASING INCOMES BY OTHER MEANS
NAME
November 30, 2015
Senior Seminar

GROWING FARMS AND INCREASING INCOMES BY OTHER MEANS
INTRODUCTION
The revenue generated from the off-farm work has been an important factor in increasing the farm household income. Since 1960, the farm household income had always been below the national average, until 2002, when it exceeded the national average by $8,000 (Dimitri, Effland & Conklin, 2005). Fifty-two percent of farm operators worked off the farm in 2004 (up from 44 percent in 1979). The share of spouses working off farm grew from 28 percent in 1979 to 45 percent in 2004 (Mishra & Paudel, 2011).The amount of income received from off-farm activities varies by the level of education, the geographical area, and age of the farm operators.
One hypothesize that there is an inverse relationship between the size of the farms and off-farm incomes; the smaller farms would have more income from off-farm activities than the larger operations. Using time series data and regression analysis, and this paper shall examine the relationship between farm size and off-farm income.
The USDA compiles many facts and puts together a unique database. Some of these facts were gathered and compared on a range of variables, including farm operator age. The age would indicate a more skilled and efficient operator, thus allowing for more time and expertise to devote towards income away from the farm. The age of the operator could in…

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