Variables

Mean

Standard deviation

0.44

0.53

0.10

0.29

Explanatory variables:

Operator’s age: 35-49

0.22

0.07

Operator’s age: older than 50

0.73

0.08

Operator is white

0.92

0.08

Operator has a high school or some college education

0.66

0.07

Operator has college education or beyond

0.24

0.09

Household participates in farm programs only

0.12

0.08

Household participates in off-farm work only

0.48

0.17

Household participates in both farm programs and off-farm work

0.24

0.16

Income inequality¹

0.60

0.10

Farm is organized as a sole proprietorship

0.92

0.05

Farm is partly-owned

0.64

0.11

Farm is fully-owned

0.30

0.10

Entropy index of farm commodity diversification

0.11

0.05

Farm has crop insurance coverage

0.15

0.14

Economic size of farm: at least $250,000 in annual farm sales

0.10

0.06

Capital expenditures ($1000) per operated acres

0.27

0.40

Farm is located in the Midwestern region

0.29

0.46

Farm is located in the South region

0.37

0.48

County unemployment rate (%)

6.59

2.41

Sample size: 410