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Chacterizing U.S. Dairy Farm Wealth and Income Distributions

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  • Hadrich, Joleen C.
  • Wolf, Christopher A.
  • Johnson, Kamina K.

Abstract

Income and wealth inequality of U.S. dairy farms was estimated via the adjusted-gini coefficient using data from the 2005 and 2010 ARMS dairy costs and returns Phase III survey data. Results at the sample level demonstrate income and wealth inequality exists. A sample level quantile regression was estimated at decile (10%) increments to determine the factors that caused this inequality using net farm income per cwt of milk sold and net worth per cwt of milk sold and income and wealth measures, respectively. Results indicated that organic producers had higher income and wealth levels than conventional producers for both measures while life cycle effects were only present for the wealth measure.

Suggested Citation

  • Hadrich, Joleen C. & Wolf, Christopher A. & Johnson, Kamina K., 2015. "Chacterizing U.S. Dairy Farm Wealth and Income Distributions," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205383, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea15:205383
    DOI: 10.22004/ag.econ.205383
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    References listed on IDEAS

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    Cited by:

    1. Law, Jonathan M., 2020. "Organic and Conventional Milk Production Practices and Costs between 2005 and 2016: Comparisons and Contrasts by Farm Size, Region and Pasture Use," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304615, Agricultural and Applied Economics Association.

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