An Empirical Validation Of The Primary And Moderating Effects Of Income And Capital On Familiarity And Participation Of Limited Resource Farm Producers (LRFPs) In USDA Agricultural Programs

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Title An Empirical Validation Of The Primary And Moderating Effects Of Income And Capital On Familiarity And Participation Of Limited Resource Farm Producers (LRFPs) In USDA Agricultural Programs
 
Creator Omotoye, Richard O.
Chinta, Ravi
Mummalaneni, Venkatapparao
Perry-Rivers, Patrice Y.
 
Subject United States Department Of Agriculture (USDA)
National Institute Of Food And Agriculture (NIFA)
Limited Resource Farm Producers (LRFPS)
Virginia Cooperative Extension (VCE)
Income And Non-Income Drivers Of Entrepreneurship
Access To Capital
 
Description We present empirical findings on the problem of low participation rate of Limited Resource Farm Producers (LRFPs)[1] in USDA programs. Our analysis is based on survey data directly sourced from LRFP population spread across twenty counties in Southern Virginia. The findings revealed that familiarity with and participation in USDA programs varied by type of farmers. While familiarity was moderate, participation was low. These main effects were moderated by access to capital. Our results broadly agree with findings from similar studies done on the subject in the past with an additional empirical insight that access to capital can enhance participation in USDA programs. We conclude the study with several practical ways for improving LRFP participation in USDA agricultural programs[i] According to the USDA, a Limited Resource Farmer or Rancher or Forest Owner is a person/applicant with direct or indirect gross farm sales not more than $173,600 (for FY2016) in each of the previous two years AND a person with a total household income at or below the national poverty level for a family of four or less than 50 percent of county median household income in each of the previous two years. An entity or joint operation can be an LRFP if all individual members independently qualify. http://lrftool.sc.egov.usda.gov/LRP_Definition.aspx http://www.nrcs.usda.gov/wps/portal/nrcs/main/national/people/outreach/slbfr/
 
Publisher Clute Institute
 
Date 2017-06-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://clutejournals.com/index.php/JBER/article/view/9992
10.19030/jber.v15i3.9992
 
Source Journal of Business & Economics Research (JBER); Vol 15 No 3 (2017); 45-54
2157-8893
1542-4448
 
Language eng
 
Relation https://clutejournals.com/index.php/JBER/article/view/9992/10092
 
Rights Copyright (c) 2017 Journal of Business & Economics Research (JBER)
 

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