Stability of Farm Income and the Role of Nonfarm Income in U.S. Agriculture

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Succession Decisions in U.S. Family Farm Businesses (2010, background): “Previous studies have shown that even when farming cannot provide the family with an adequate standard of living, farmers refrain from selling farm assets (Chambers and Vasavada, 1983) and attempt to supplement their income from other sources, such as off-farm work (Mishra and Goodwin, 1997; Mishra ”
Factors affecting farm enterprise diversification (2004, result): “This is consistent with the findings of Calvin (1992); Just and Calvin (1990); and Mishra and Sandretto (2002).”
Resilience in Agriculture through Crop Diversification: Adaptive Management for Environmental Change (2011, background): “Current data show that farm household incomes have risen above those of the average nonfarm household (Mishra and Sandretto 2002), and that much of the subsidy program does not support small farmers; rather, the majority of the money goes to large farms that own wide swaths of land (Riedl 2007),…”