Farm Operators Owned $19.1 Billion in Oil and Gas Rights, Which Generated $3.8 Billion in Payments in 2014

Claudia Hitaj

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2018, vol. July 2018, issue 06

Abstract: From 2005 to 2014, high energy prices and innovation in extraction methods enabled U.S. production of oil and gas to grow by 69 percent—with almost 67 percent of overall production in 2014 occurring on farmland. That year, farm operators owned $19.1 billion in oil and gas rights that generated $3.8 billion in payments through leases with energy firms.

Keywords: Agribusiness; Agricultural Finance; Farm Management; Financial Economics; Industrial Organization; Land Economics/Use (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:302639

DOI: 10.22004/ag.econ.302639

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