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The instability of farm income. Empirical evidences on aggregation bias and heterogeneity among farm groups

Bio-based and Applied Economics

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Title The instability of farm income. Empirical evidences on aggregation bias and heterogeneity among farm groups
 
Creator Severini, Simone; Università degli Studi della Tuscia
Tantari, Antonella; Università degli Studi della Tuscia
Di Tommaso, Giuliano; Università degli Studi della Tuscia
 
Subject farm income; income instability and variability; aggregation bias; farm heterogeneity; risk management policies
Q12; G320; Q18
 
Description This paper analyses the instability of farm income experienced by a constant sample of Italian farms over the period 2003-2012. It assesses the extent of the aggregation bias due to the use of aggregated vs. single farm data and estimates the level of farm income variability in several groups of farms for the whole period and for two sub-periods. Differences between groups and periods are assessed by means of non-parametric tests. Results suggest that analyses based on aggregated farm data are likely going to strongly underestimate the extent of income variability faced by farmers. Income variability levels differ among farm groups and have significantly increased over the considered time. This has policy implications regarding the risk management tools recently introduced within the Rural Development Policies and how these should be targeted on the farms that more need them.
 
Publisher Bio-based and Applied Economics
Bio-based and Applied Economics
 
Contributor
 
Date 2016-04-13
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.fupress.net/index.php/bae/article/view/16367
http://www.fupress.net/index.php/bae/article/download/16367/17033
10.13128/BAE-16367
 
Source Bio-based and Applied Economics; Vol 5, No 1 (2016); 63-81
Bio-based and Applied Economics; Vol 5, No 1 (2016); 63-81
2280-6172
2280-6180
 
Language eng
 
Relation 10.13128/BAE-16367
 
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