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

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  • Williamson, James M.
  • Doye, Damona

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.

Suggested Citation

  • Williamson, James M. & Doye, Damona, 2015. "The Contribution of Energy Extraction Activities to Farm Household Wellbeing: Oil, Gas, and Wind Lease and Royalty Income," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 206196, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea15:206196
    DOI: 10.22004/ag.econ.206196
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    Keywords

    Agricultural Finance; Community/Rural/Urban Development; Resource /Energy Economics and Policy;
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