Economic Condition of Farmers:

Abstract

Bangladesh has gained “Middle income country” status very recently but this status has made a demand to roll behind the economic status of farmers and to rationalize their under-developed condition with respect to their major economic sources. And the prime inquiry of this paper lies exactly here. Earlier scholarly works this regarding these issues are mainly focused on market mechanism in agricultural sector or wage determination determinants but as whole the farmers economic condition with respect to their income sources is missing till now and this research gap is the focus standpoint of this paper. To understand this a binary regression would be rub where headcount poverty status is considered as binary variable where zero denotes living under the poverty status. Poverty is a binary variable would be regressed toward the sources of income and they are the agricultural wage, nonagricultural wage, crop income, livestock and poultry and income from non-agricultural income. The regression coefficient would demonstrate as the level of influence determined by each dependent variable. The regression coefficient would demonstrates the level of determination by each dependent variable. From this collected data set, poverty status is formulated by using headcount poverty method bases on total income. And whose income is not enough to be equal to minimum income as not to be poor as assigned as zero and that denotes that households is poor. And alternative case is assigned by one that is assigned as not to be poor. The minimum total income is per capital income multiplied by average member which is 4.5 for a year in a household considering poverty definition of 2008.