Abstract
SummaryA measure broader than net farm income has been used to examine the economic well‐being of farmers. The composite measure incorporating farm returns to labor and management, off‐farm income, and net worth values, shows Canadian farmers' economic well‐being has improved in real terms since 1967. However, disparity in the measure among provinces has increased. Off‐farm income and annuities of net worth have increased in importance, relative to the total economic well‐being measure, though at different rates in different provinces, and should not be ignored in agricultural policies and programs.Two related issues require further attention. One is to examine the interaction of money income and asset ownership within the farm sector; the other is to provide comparison groups in the non‐farm sector which take into account money income and net worth. The annuity approach to net worth may provide an appropriate instrument for comparison.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
