IDEAS home Printed from https://ideas.repec.org/a/wly/apecpp/v46y2024i1p32-51.html
   My bibliography  Save this article

The relative financial performance of African American farms in the United States since the Great Recession

Author

Listed:
  • LaPorchia A. Collins
  • Tia M. McDonald
  • Anil K. Giri
  • Dipak Subedi

Abstract

Using data from the 2009–2020 Agricultural Resource Management Surveys, we compare the financial position and performance of African American farms to that of other U.S. farms. The results suggest that, relative to others, the average African American farm has lower total value of production, net cash farm income, government payments, assets, and debts. We obtained mixed results regarding financial performance, with African American farms having lower profitability, liquidity, and efficiency than others but higher solvency. To our knowledge, this study is the first to provide a contemporary overview of the status of African American farms using detailed, farm‐level financial data.

Suggested Citation

  • LaPorchia A. Collins & Tia M. McDonald & Anil K. Giri & Dipak Subedi, 2024. "The relative financial performance of African American farms in the United States since the Great Recession," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 46(1), pages 32-51, March.
    • Handle: RePEc:wly:apecpp:v:46:y:2024:i:1:p:32-51
    DOI: 10.1002/aepp.13346
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/aepp.13346
    Download Restriction: no
    File URL: https://libkey.io/10.1002/aepp.13346?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Beale, Calvin, 1991. "Black Farmers: Why Such a Severe and Continuing Decline?," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 7(2), May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gilbert, Jess & Sharp, Gwen & Felin, M. Sindy, 2001. "The Decline (And Revival?) Of Black Farmers And Rural Landowners: A Review Of The Research Literature," Working Papers 12810, University of Wisconsin-Madison, Land Tenure Center.
    2. Sommer, Judith E. & Hoppe, Robert A. & Green, Robert C. & Korb, Penelope J., 1998. "Structural and Financial Characteristics of U.S. Farms, 1995: 20th Annual Family Farm Report to Congress," Agricultural Information Bulletins 33620, United States Department of Agriculture, Economic Research Service.
    3. Hoppe, Robert A. & Korb, Penelope J., 2006. "Understanding U.S. Farm Exits," Economic Research Report 7212, United States Department of Agriculture, Economic Research Service.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:apecpp:v:46:y:2024:i:1:p:32-51. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)2040-5804 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.