Agricultural Profits and Farm Household Wealth: A Farm-level Analysis Using Repeated Cross Sections

Steven C. Blank, Kenneth W. Erickson, Richard Nehring and Charles Hallahan

Journal of Agricultural and Applied Economics, 2009, vol. 41, issue 01

Abstract: This study examines the relationship between agricultural profits and farm household wealth across locations and farm sizes in U.S. agriculture. A multiperiod household model is used to develop hypotheses for testing. Results indicate that farmland has out-performed nonfarm investments over the past decade. Thus, households may want to keep their farmland to build wealth, even if it requires them to earn off-farm income. The analysis implies that decision will be made based on farm household wealth factors having little to do with agriculture.

Keywords: farm household; off-farm income; production profits; wealth; Agribusiness; Demand and Price Analysis; Farm Management; Risk and Uncertainty; Q12; Q14 (search for similar items in EconPapers)
Date: 2009
View list of references

Downloads: (external link)
http://purl.umn.edu/48749 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ags:joaaec:48749

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association
Contact information at EDIRC.
Series data maintained by AgEcon Search ().