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 |