气候变化领域集成服务门户(CCPortal): Energy income and farm viability: Evidence from USDA farm survey data

CCPortal

DOI	10.1016/j.enpol.2021.112304
	Energy income and farm viability: Evidence from USDA farm survey data
	Grout T.; Ifft J.; Malinovskaya A.
发表日期	2021
ISSN	03014215
卷号	155
英文摘要	There are frequent and increasing conflicts between energy development and agricultural land use. In these debates, claims are commonly made that energy income can improve farm viability. We develop a conceptual model that provides a framework for when and how energy income could improve farm viability. If farms face difficulty accessing credit, they invest at below optimal levels. In such cases, energy income may be used to increase investment, thus strengthening the farm economy. We test the predictions of this model with detailed, nationally representative U.S. Department of Agriculture farm survey data. This large, cross sectional dataset is well suited to propensity score matching and allows us to test whether observationally similar farms with and without energy income have different levels of credit access and capital investment. We are able to test whether model outcomes are similar under different farm and energy income definitions. Overall, we find little evidence that energy income improves credit access or increases capital investments. This suggests that on average the benefits of energy income for farm household consumption do not necessarily extend to the farm economy or agricultural production. © 2021 Elsevier Ltd
关键词	Energy development Farmland leasing Financial frictions
英文关键词	Agriculture; Economic and social effects; Economics; Investments; Land use; Large dataset; Statistical tests; Surveys; Agricultural land use; Capital investment; Conceptual model; Energy; Energy development; Farm economy; Farmland leasing; Financial friction; Optimal level; Survey data; Sustainable development; agricultural economics; agricultural land; agricultural production; capital; credit provision; energy resource; farm; income; investment; land use
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205116
作者单位	Cornell University's Charles H. Dyson School of Applied Economics and Management, Ithaca, 14853, United States
推荐引用方式 GB/T 7714	Grout T.,Ifft J.,Malinovskaya A.. Energy income and farm viability: Evidence from USDA farm survey data[J],2021,155.
APA	Grout T.,Ifft J.,&Malinovskaya A..(2021).Energy income and farm viability: Evidence from USDA farm survey data.Energy Policy,155.
MLA	Grout T.,et al."Energy income and farm viability: Evidence from USDA farm survey data".Energy Policy 155(2021).