Variables

Income

Wealth

Shapley value

Percent

Shapley value

Percent

Constant

0.0000

0.0000

0.0000

0.0000

Operator’s age: 35 - 49

0.0060

1.6946

0.0049

1.1880

Operator’s age: older than 50

0.0094

2.6450

0.0116

2.8182

Operator is white

0.0186

5.2449

0.0419

9.7900

Operator has a high school or some college education

0.0027

0.7664

0.0029

0.6440

Operator has college education or beyond

0.0099

2.7814

0.0089

2.0494

Household participates in farm programs only

0.0014

0.3981

0.0069

1.5996

Household participates in off-farm work only

0.0109

3.0611

0.0268

6.1667

Household participates in both farm programs and off-farm work

0.0155

4.3672

0.0097

2.1313

Income inequality, G*

--

--

0.0877

21.2616

Farm is organized as a sole proprietorship

0.0580

16.3438

0.0306

7.1089

Farm is partly-owned

0.0106

2.9923

0.0170

4.0421

Farm is fully-owned

0.0114

3.2224

0.0270

6.2878

Entropy index of farm commodity diversification

0.0112

3.1481

0.0522

12.0058

Farm has crop insurance coverage

0.0113

3.1707

0.0035

1.0343

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

0.0510

14.3641

0.0024

0.8266

Capital expenditures ($1000) per operated acres

0.0140

3.9459

0.0112

2.5640

Capital expenditures per operated acres, squared

0.0024

0.6858

0.0008

0.1795

Farm is located in the Midwestern region

0.0183

5.1630

0.0220

4.6856

Farm is located in the South region

0.0376

10.5948

0.0159

3.7754

County unemployment rate (%)

0.0100

2.8218

0.0126

3.0554

County unemployment rate, squared

0.0100

2.8170

0.0111

2.6272

Year: 2004

0.0006

0.1734

0.0041

0.9523

Year: 2005

0.0053

1.4845

0.0039

0.8245

Year: 2006

0.0012

0.3480

0.0013

0.2968

Year: 2007

0.0061

1.7219

0.0017

0.3857

Year: 2008 (financial crisis)

0.0098

2.7491

0.0022

0.5159

Year: 2009

0.0020

0.5720

0.0008

0.2066

Year: 2010

0.0043

1.2209

0.0027

0.6135

Year: 2011

0.0007

0.1971

0.0006

0.1536

Year: 2012

0.0046

1.3048

0.0012

0.2097

Total

0.3551

100.00

0.4261

100.00