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Economic Class as a Measure of Farmers' Welfare
Author(s) -
Larson Donald K.
Publication year - 1975
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238884
Subject(s) - receipt , revenue , agriculture , welfare , distribution (mathematics) , service (business) , family farm , economics , internal revenue , agricultural economics , business , measure (data warehouse) , income distribution , economic welfare , labour economics , finance , geography , marketing , market economy , mathematics , inequality , accounting , mathematical analysis , archaeology , database , computer science
Special tabulations from Internal Revenue Service provide an opportunity for agricultural economists to show that average income of farm operator families distributed by size of farm business receipts gives a misleading indication of the well‐being of farm families. For 1970, the distribution of farm taxpayers by basic income classes varies considerably within, as well as between, farm receipt classes. Thus, a small farm business does not mean that the family has a low income, since many receive income from off‐farm sources.