BR100 Decreased By (-0%)
BR30 Decreased By (-0.4%)
KSE100 Increased By (0.14%)
KSE30 Increased By (0.05%)
AGHA 6.63 Increased By ▲ 0.02 (0.3%)
BECO 4.29 Increased By ▲ 0.05 (1.18%)
BML 60.16 Decreased By ▼ -1.29 (-2.1%)
BOP 28.78 Decreased By ▼ -0.03 (-0.1%)
CNERGY 12.85 Increased By ▲ 0.05 (0.39%)
CSIL 5.46 Decreased By ▼ -0.10 (-1.8%)
FCCL 51.77 Decreased By ▼ -0.22 (-0.42%)
FFL 14.03 Increased By ▲ 0.01 (0.07%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.09 Increased By ▲ 0.18 (3.05%)
KOSM 5.38 Decreased By ▼ -0.06 (-1.1%)
LOTCHEM 25.41 Decreased By ▼ -0.41 (-1.59%)
MLCF 89.95 Decreased By ▼ -0.50 (-0.55%)
NBP 158.23 Decreased By ▼ -1.04 (-0.65%)
NCPL 48.85 Decreased By ▼ -0.23 (-0.47%)
NPL 53.29 Increased By ▲ 0.86 (1.64%)
OGDC 299.10 Decreased By ▼ -3.15 (-1.04%)
PACE 9.99 Increased By ▲ 0.13 (1.32%)
PAEL 33.77 Increased By ▲ 0.04 (0.12%)
PIBTL 13.65 Decreased By ▼ -0.06 (-0.44%)
PPL 218.87 Decreased By ▼ -0.38 (-0.17%)
PRL 106.95 Increased By ▲ 3.19 (3.07%)
PTC 53.60 Decreased By ▼ -1.46 (-2.65%)
SSGC 22.91 Decreased By ▼ -0.11 (-0.48%)
TBL 9.57 Decreased By ▼ -0.20 (-2.05%)
TELE 7.11 Decreased By ▼ -0.12 (-1.66%)
TPL 20.48 Decreased By ▼ -0.19 (-0.92%)
TPLP 11.78 Decreased By ▼ -0.09 (-0.76%)
TREET 23.38 Decreased By ▼ -0.22 (-0.93%)
TRG 56.37 Increased By ▲ 0.90 (1.62%)
By

WASHINGTON: Black farmers in the United States lost roughly $326 billion worth of acreage during the 20th century, according to the first study to quantify the present-day value of that loss.

Land loss is a contributor to the racial wealth gap in the United States and an issue that has marred the relationship between the US Department of Agriculture (USDA) and minority farmers.

“Wealth and land is one way in this country that you’re able to grow opportunity for your family,” said Dr. Dania Francis, professor of economics at the University of Massachusetts-Boston and lead author of the study published on Sunday in the American Economic Association’s Papers and Proceedings journal.

“When huge groups of African Americans were denied that opportunity, it speaks to the intergenerational wealth gap that opened up in part due to this type of land loss,” Francis added.

The land loss was due to discriminatory USDA lending policies and forced sales of co-owned land called heirs’ property, among other factors, the study said.

The study calculated the compounded value of declining acreage owned by African Americans between 1920 and 1997 in the 17 states where almost all Black-owned farms were documented, using data from the USDA Census of Agriculture. “This is not just theoretical, but this is empirical,” said Dr. Darrick Hamilton, economics professor at The New School and another of the study’s authors. “These are real losses that occurred.” In 1910, Black farmers owned more than 16 million acres of land, according to experts.

Comments

Comments are closed for this article.