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

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

Journal of Agricultural and Applied Economics, 2009, vol. 41, issue 1, 207-225

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.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:41:y:2009:i:01:p:207-225_00

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