Variables | Mean | Standard deviation |
| 0.44 | 0.53 |
| 0.10 | 0.29 |
Explanatory variables: |
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|
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 |
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