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The effect of agricultural policies and farm characteristics on income variability

Rivista di Economia Agraria

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Field Value
 
Title The effect of agricultural policies and farm characteristics on income variability
 
Creator Severini, Simone
Tantari, Antonella
Di Tommaso, Giuliano
 
Subject Farm income
Common agricultural policy
Income stabilisation
Robust regression
 
Description This paper estimates how direct payments provided by the Common Agricultural Policy (CAP) affect variability of farm income over time. The analysis is based on robust regression estimations developed on a cross section database of a constant sample of 2402 Italian farms during the decade 2003-2012. Results show that CAP direct payments allow for a reduction of the variability of farm income being less variable than other income sources. This suggests policy makers should support the continuation of such policy if income stabilisation is perceived as a relevant goal. However, regression results also provide evidences that structural immobility increases the variability of farm income while labour intensity does the opposite. This suggests that such goal could also be pursued by policies fostering farm structural change.
 
Publisher Firenze University Press
 
Date 2016-08-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier https://oajournals.fupress.net/index.php/rea/article/view/9862
10.13128/REA-18637
 
Source Italian Review of Agricultural Economics; Vol. 71 No. 1 (2016): Vol 71, No 1 (Suppl.) (2016); 171-181
2281-1559
0035-6190
 
Language eng
 
Relation https://oajournals.fupress.net/index.php/rea/article/view/9862/9859