The Contribution of Energy Extraction Activities to Farm Household Wellbeing: Oil, Gas, and Wind Lease and Royalty Income

James M. Williamson and Damona Doye ()

No 206196, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: In 2012, farm households reported receiving a total of $1.8 billion in lease and royalty income from energy production activities, making up about 1% of farm household total income. Payments are highly concentrated, primarily on large farms and in the South and Midwest. Though relatively few farms have energy lease and royalty income (3 percent), it can be an important source of income, particularly for older farmers; for farmers over 65 who receive royalty income, it is the largest single source of income.

Keywords: Agricultural Finance; Community/Rural/Urban Development; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 10
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:206196

DOI: 10.22004/ag.econ.206196

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