IDEAS home Printed from https://ideas.repec.org/a/ags/joaaec/48749.html
   My bibliography  Save this article

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

Author

Listed:
  • Blank, Steven C.
  • Erickson, Kenneth W.
  • Nehring, Richard F.
  • Hallahan, Charles B.

Abstract

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.

Suggested Citation

  • Blank, Steven C. & Erickson, Kenneth W. & Nehring, Richard F. & Hallahan, Charles B., 2009. "Agricultural Profits and Farm Household Wealth: A Farm-level Analysis Using Repeated Cross Sections," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(01), April.
  • Handle: RePEc:ags:joaaec:48749
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/48749
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Livanis, Grigorios T. & Moss, Charles B. & Breneman, Vincent E. & Nehring, Richard F., 2005. "Urban Sprawl and Farmland Prices," Working Papers 15657, University of Florida, International Agricultural Trade and Policy Center.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Di Vita, Giuseppe & D'Amico, Mario, 2013. "Origin Designation And Profitability For Small Wine Grape Growers: Evidence From A Comparative Study," Economics of Agriculture, Institute of Agricultural Economics, vol. 60(1).
    2. Harris, James Michael & Blank, Steven C. & Erickson, Kenneth W. & Hallahan, Charles B., 2010. "Off-farm Income and Investments in Farm Assets: A Double Hurdle Approach," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61531, Agricultural and Applied Economics Association.
    3. van der Meulen, H.A.B. & Dolman, M.A. & Jager, J.H. & Venema, G.S., 2014. "The impact of farm size on sustainability of Dutch dairy farms," International Journal of Agricultural Management, Institute of Agricultural Management;International Farm Management Association, vol. 3(2), January.
    4. Steven C. Blank & Danny Klinefelter, 2012. "Keeping ARMS relevant: increasing its usability," Agricultural Finance Review, Emerald Group Publishing, vol. 72(2), pages 222-232, July.

    More about this item

    Keywords

    farm household; off-farm income; production profits; wealth; Agribusiness; Demand and Price Analysis; Farm Management; Risk and Uncertainty; Q12; Q14;

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

    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:ags:joaaec:48749. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/saeaaea.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.