Participation in government programs has a mild impact on the economic well-being of U.S. farm households. Major factors that determine farm household prosperity are the primary operator's education level and ethnicity, education level of the spouse, and other characteristics such as forward...

Agricultural households adjust to policy changes through market mechanisms by altering: their production mix, labor input, and on- and off-farm investments. Because of the significant heterogeneity among farms in the US agricultural sector, various types of farm households respond to the same...

This investigation considers factors affecting off‐farm investment of farm households. A national farm‐level survey was used to evaluate the effects of various farm and operator characteristics on the likelihood of off‐farm investment. Results suggest differences in level of education, age...

The objective of this study was to identify factors that contribute to returns to operators’ labor and management of dairy farms in the U.S. Particular attention is given to the role of education and extension. Operators’ labor and management income (OLMI) is used as a measure of financial...