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

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.


Issue Date:
2009-04
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/48749
PURL Identifier:
http://purl.umn.edu/48749
Published in:
Journal of Agricultural and Applied Economics, Volume 41, Number 1
Page range:
207-225
Total Pages:
19
JEL Codes:
Q12; Q14




 Record created 2017-04-01, last modified 2018-01-22

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