explain the importance of non farm activityin rural economy
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⬛⬛⛤⛤⛤⛤⛤⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛There has been variability in net income performance among these three different categories of farms in recent years.
The study pointed out that net farm income has dropped the past three years for commercial farms. However, for intermediate farms in Iowa, “incomes have rebounded after several years of stagnation.” And residence farms have experienced only a minor decline in net farm income, “down 1.1 percent from 2012 levels.
Closely linked to agriculture, although the link diminishes with increasing diversification;Positively correlated with higher income levels of rural families, higher potential for diversifying income and higher productivity in agricultural activities;Usually market-based and trade driven;Requires established links between sectors, where government has to play an enabling role.⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛
The study pointed out that net farm income has dropped the past three years for commercial farms. However, for intermediate farms in Iowa, “incomes have rebounded after several years of stagnation.” And residence farms have experienced only a minor decline in net farm income, “down 1.1 percent from 2012 levels.
Closely linked to agriculture, although the link diminishes with increasing diversification;Positively correlated with higher income levels of rural families, higher potential for diversifying income and higher productivity in agricultural activities;Usually market-based and trade driven;Requires established links between sectors, where government has to play an enabling role.⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛
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