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Wealth Accumulation by Farm Households: Evidence from a National Survey

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  • Mishra, Ashok K.
  • El-Osta, Hisham S.

Abstract

Wealth affects the economic well-being of the farm households by enabling farm households to secure credit, facilitate intergenerational transfer, and provide for smoothing consumption expenditures in times of income shortfall. This paper examines the factors that are likely to influence wealth accumulation by farm households. Specifically, we use 2001 ARMS data and multivariate regression procedure to estimate two models; one for those farm households whose wealth originates primarily from the farm and another for households with both farm- and nonfarm wealth.

Suggested Citation

  • Mishra, Ashok K. & El-Osta, Hisham S., 2005. "Wealth Accumulation by Farm Households: Evidence from a National Survey," 2005 Annual meeting, July 24-27, Providence, RI 19573, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19573
    DOI: 10.22004/ag.econ.19573
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    References listed on IDEAS

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    1. Ashok K. Mishra & Charles B. Moss & Kenneth W. Erickson, 2007. "Changes in the distribution of farm wealth in the United States," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 67(1), pages 119-134, May.
    2. Tullio Jappelli, 1999. "The Age‐Wealth Profile And The Life‐Cycle Hypothesis: A Cohort Analysis With A Time Series Of Cross‐Sections Of Italian Households," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 45(1), pages 57-75, March.
    3. El-Osta, Hisham S. & Morehart, Mitchell J., 2002. "The Dynamics of Wealth Concentration Among Farm Operator Households," Agricultural and Resource Economics Review, Cambridge University Press, vol. 31(1), pages 84-96, April.
    4. Dubman, Robert, 2000. "Variance Estimation With USDA's Farm Costs and Returns Surveys and Agricultural Resource Management Study Surveys," Staff Reports 276685, United States Department of Agriculture, Economic Research Service.
    5. Barry K. Goodwin & Ashok K. Mishra & François N. Ortalo-Magné, 2003. "What's Wrong with Our Models of Agricultural Land Values?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 744-752.
    6. David H. Boyne, 1965. "Changes in the Income Distribution in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(5), pages 1213-1224.
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    Cited by:

    1. Myyrä, Sami, & Pietola, Kyosti & Heikkilä, Anna-Maija, 2011. "Farm Level Capital: Capital positions, structures, the dynamics of farm level investments, capital accumulation and leverage positions," Factor Markets Working Papers 105, Centre for European Policy Studies.
    2. Lagerkvist, Carl Johan & Larsen, Karin & Olson, Kent D., 2006. "Off-farm income and farm capital accumulation: a farm-level data analysis," 2006 Annual meeting, July 23-26, Long Beach, CA 21480, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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