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Rates of Return in the Farm and Nonfarm Sectors: How Do They Compare?

Author

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  • Erickson, Kenneth W.
  • Moss, Charles B.
  • Mishra, Ashok K.

Abstract

This study examines the return on agricultural assets relative to nonfinancial corporate assets in the general economy using aggregate bureau of Economic Analysis data. Our results indicate that the rate of return on nonfarm assets dominates the rate of return on agricultural assets. The average rate of return on nonfarm assets is higher than the average rate of return on farm assets, and the variance of the rate of return on nonfarm assets is lower than the variance of the rate of return on farm assets. Furthermore, the rate of return on agricultural assets only exceeds the rate of return in the nonfarm sector in 1992.

Suggested Citation

  • Erickson, Kenneth W. & Moss, Charles B. & Mishra, Ashok K., 2004. "Rates of Return in the Farm and Nonfarm Sectors: How Do They Compare?," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(03), December.
  • Handle: RePEc:ags:joaaec:43477
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    File URL: http://purl.umn.edu/43477
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    Cited by:

    1. Fabienne Femenia & Alexandre Gohin & Alain Carpentier, 2010. "The Decoupling of Farm Programs: Revisiting the Wealth Effect," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(3), pages 836-848.
    2. Burja Vasile & Alina Voiculescu, 2014. "Qualitative Aspects Of Performance Evaluation Using The Example Of Romanian Economy Sectors," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 178-184, May.

    More about this item

    Keywords

    Farm sector accounting; nonfarm income; nonfarm sector; rate of return; returns to farm assets; Q14; Q18;

    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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