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Ownership of Oil and Gas Rights: Implications for U.S. Farm Income and Wealth
- 英文名称:
- Ownership of Oil and Gas Rights: Implications for U.S. Farm Income and Wealth
- 作者:
- Claudia Hitaj; Jeremy Weber; Ken Erickson
- 工作单位:
- USDA's Economic Research Service
- 关键词:
- oil and gas; farm income and wealth; split estate;
- 年份:
- 2018
- 出版地:
- Washington, DC, USA
- 总页数:
- 37 pp
- 语种:
- English
- 摘要:
- With the shale revolution, annual oil and gas production grew by 69 percent in 2005-14, and almost 67 percent of production in 2014 occurred on farmland. Using data from USDA’s Tenure, Ownership, and Transition of Agricultural Land (TOTAL) survey, this report quantifies the farm sector’s oil and gas wealth and income and sheds light on how oil and gas booms and busts may affect farm finances.
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