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ECONOMIC ASPECTS OF FARM POVERTY
Author(s) -
Vincent David P.
Publication year - 1976
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1976.tb00180.x
Subject(s) - poverty , economics , welfare , agriculture , income distribution , distribution (mathematics) , farm income , net national income , income in kind , household income , agricultural economics , demographic economics , labour economics , public economics , gross income , economic growth , geography , inequality , microeconomics , mathematics , production (economics) , mathematical analysis , archaeology , tax reform , state income tax , market economy
The results of the Henderson Poverty Inquiry's 1973 farm household income survey are discussed and supplemented by income distributions based on taxation returns from 1968/69 to 1972/73. It is concluded that much low income 'poverty' is temporary, being the product of the instability of agriculture. A case is made for the inclusion of wealth in farm and non‐farm welfare comparisons. Proposals aimed at directly increasing incomes are discussed and hypothetical income distributions are presented to indicate the impact of the Henderson Inquiry's guaranteed income scheme on farm income distributions.