The Dynamics of Farm Incomes in Scotland

Panel data analysis using the Farm Accounts Survey

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

This paper uses longitudinal information from the Scottish Farm Accounts Survey to explore the dynamics of Scottish farm incomes between 1988/89 and 1999/2000. Both the Net Farm Income and Cash Income of farms are considered. The results show high levels of income variability and income mobility within Scottish agriculture. Although exit rates from the lowest income groups remain relatively high even when spells of low income have lasted a number of years, there is evidence of farms with persistent low farm income and farms experiencing repeated spells of low-income. Smaller farm size and having a farmer aged over 65 increase both the probability that a farm will fall into the lowest income group and the length of time spent in that income group. Further the results suggest that the impact of the post-1997 agricultural recession on income mobility depended on the income status of the farm when the recession began.

Original languageEnglish
Pages (from-to)197-220
Number of pages23
JournalJournal of Agricultural Economics
Volume55
Issue number2
DOIs
Publication statusPublished - Jul 2004

Cite this

The Dynamics of Farm Incomes in Scotland : Panel data analysis using the Farm Accounts Survey. / Phimister, Euan; Roberts, Deborah; Gilbert, A.

In: Journal of Agricultural Economics, Vol. 55, No. 2, 07.2004, p. 197-220.

Research output: Contribution to journalArticle

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