Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/179094
Authors: 
Knapp, Edward
Loughrey, Jason
Year of Publication: 
2017
Citation: 
[Journal:] Agricultural and Food Economics [ISSN:] 2193-7532 [Volume:] 5 [Year:] 2017 [Issue:] 9 [Pages:] 1-15
Abstract: 
Agricultural income volatility has become a major hurdle for Irish farmers and policymakers to overcome in their drive to increase investment, production and ultimately income in the sector. This paper studies data from 927 farms in the Teagasc National Farm Survey between 2005 and 2013, the first 9 years of the decoupled subsidy era. The primary income support for European farmers, the single farm payment (SFP), is analysed in the context of its relationship with market income risk, i.e. farm income excluding subsidies. Detrended measures of market income variability are regressed on a large set of control variables. The findings suggest that the amount of SFP received by farmers has a strong and statistically significant relationship with agricultural income volatility.
Subjects: 
Single farm payment
Agricultural policy
Income risk
Risk management
Farm assets
JEL: 
D22
G32
Q12
Q18
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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