U.S. Agricultural Policy Effectiveness: An Analysis of Income and Capital Gain Returns Impacts
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Publisher:Ohio State University. Department of Agricultural, Environmental, and Development Economics
Series/Report no.:Ohio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 1349
This paper examines the effects of agricultural policy upon the first three moments (mean, variance, and skewness) of aggregate farm income distributions. For the income variables examined, the program period distributions were positively skewed relative to the nonprogram period. However, it appears that the significant impact of the programs on risk reduction encourages the asset and product markets to shift the distribution of total returns toward asset appreciation rather than income enhancement.
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