Impact of off-farm income and paid taxes on the composition and volatility of incomes and wealth of dairy farmers in the netherlands

Hans Vrolijk; Krijn Poppe

doi:10.7896/j.2046

Impact of off-farm income and paid taxes on the composition and volatility of incomes and wealth of dairy farmers in the netherlands

Hans Vrolijk^*
, Krijn Poppe

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

10 Citations (Scopus)

Abstract

This paper analyses the composition and volatility of the total income and wealth of dairy farmers and the importance and volatility of the different components contributing to their total income and wealth based on Dutch FADN data. The results confirm some existing findings on the stabilising impact of CAP subsidies and off-farm income on farmers’ total income. The paper extends the existing analyses by exploring the impact of taxes on income volatility and the important role of savings in stabilising consumption of farm households. In this paper we show that a broader perspective (including off-farm income and wealth) provides a more realistic picture of the income and wealth effects as experienced by farmers.

Original language	English
Pages (from-to)	57-65
Number of pages	9
Journal	Studies in Agricultural Economics
Volume	122
Issue number	2
DOIs	https://doi.org/10.7896/j.2046
Publication status	Published - 1 Jan 2020

Keywords

Dairy farms
Farm income
Income volatility
Off-farm income
Paid taxes

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10.7896/j.2046Licence: CC BY-NC

https://edepot.wur.nl/530060Licence: CC BY-NC

Indicatoren en methodieken duurzaamheid (KB-56-006-002, KB-34-014-002)
Beekman, V. (Project Leader)
1/01/19 → 31/12/26
Project: LVVN project

Cite this

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title = "Impact of off-farm income and paid taxes on the composition and volatility of incomes and wealth of dairy farmers in the netherlands",

abstract = "This paper analyses the composition and volatility of the total income and wealth of dairy farmers and the importance and volatility of the different components contributing to their total income and wealth based on Dutch FADN data. The results confirm some existing findings on the stabilising impact of CAP subsidies and off-farm income on farmers{\textquoteright} total income. The paper extends the existing analyses by exploring the impact of taxes on income volatility and the important role of savings in stabilising consumption of farm households. In this paper we show that a broader perspective (including off-farm income and wealth) provides a more realistic picture of the income and wealth effects as experienced by farmers.",

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AU - Poppe, Krijn

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N2 - This paper analyses the composition and volatility of the total income and wealth of dairy farmers and the importance and volatility of the different components contributing to their total income and wealth based on Dutch FADN data. The results confirm some existing findings on the stabilising impact of CAP subsidies and off-farm income on farmers’ total income. The paper extends the existing analyses by exploring the impact of taxes on income volatility and the important role of savings in stabilising consumption of farm households. In this paper we show that a broader perspective (including off-farm income and wealth) provides a more realistic picture of the income and wealth effects as experienced by farmers.

AB - This paper analyses the composition and volatility of the total income and wealth of dairy farmers and the importance and volatility of the different components contributing to their total income and wealth based on Dutch FADN data. The results confirm some existing findings on the stabilising impact of CAP subsidies and off-farm income on farmers’ total income. The paper extends the existing analyses by exploring the impact of taxes on income volatility and the important role of savings in stabilising consumption of farm households. In this paper we show that a broader perspective (including off-farm income and wealth) provides a more realistic picture of the income and wealth effects as experienced by farmers.

KW - Dairy farms

KW - Farm income

KW - Income volatility

KW - Off-farm income

KW - Paid taxes

U2 - 10.7896/j.2046

DO - 10.7896/j.2046

M3 - Article

AN - SCOPUS:85089522632

SN - 1418-2106

VL - 122

SP - 57

EP - 65

JO - Studies in Agricultural Economics

JF - Studies in Agricultural Economics

IS - 2

ER -

Impact of off-farm income and paid taxes on the composition and volatility of incomes and wealth of dairy farmers in the netherlands

Abstract

Keywords

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Projects

Indicatoren en methodieken duurzaamheid (KB-56-006-002, KB-34-014-002)

Cite this