Affiliation:
1. Kaposvar University
2. Lithuanian Institute of Agrarian Economics
Abstract
The aim of the paper is to investigate the effects of agricultural subsidies on income variability
of Lithuanian dairy farms. In addition, the observed heterogeneity in income risks across
farms and time is explained in terms of farm characteristics. It was employed balanced farm-level
panel data of the Lithuanian farm accountancy network (FADN) was used to construct coefficients
of variation of five-year gross farm revenues over the period 2010 to 2014. Various econometric
models are applied to measure the effect of off-farm income, total subsidies, farm size, and financial
immobility on the variability of gross farm incomes. Estimations suggest that agricultural subsidies,
liquidity have positive impact on income risk. The age of farmers negatively influences the income
risk. There is non-linear relationship between farm size and income risk.
Publisher
Vytautas Magnus University
Cited by
5 articles.
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