Income, Wealth, and Economic Well-being of Farm Households—Farm households draw income from various sources, including off-farm work, other businesses operated and, increasingly, nonfarm investments. Focusing on a single indicator of well-being, such as income, overlooks other indicators such as the wealth held by the household and the level of consumption expenditures for health care, food, housing, and other items. |
Decoupled Payments: Household Income Transfers in Contemporary U.S. Agriculture—Decoupled payments have improved the well-being of recipient farm households, enabling them to comfortably increase spending, savings, investments, and leisure but with minimal distortion of U.S. agricultural production and trade. |
