Prospering despite the adverse terms of emancipation? Accumulation of wealth by peasant farmers in the tsarist Russian province of Livonia, 1853–1913

The article addresses the issue of wealth accumulation by peasant farmers in the post-emancipation era in the Russian Baltic province of Livonia. The Baltic emancipation schemes stand out as the least beneficial for peasants as they set neither time limits nor land price levels, and the state government did not provide any credit to the purchasers of farms. However, in northern Livonia the nominal value of peasant farmers’ wealth grew as much as tenfold from 1850 to 1913. The study reveals that the advantages and disadvantages of high farm purchase prices should be considered in combination with other factors affecting agricultural growth. In the Baltic context, the large size of the farms, land consolidation, well-developed infrastructure, and the commercialisation of production helped the farm owners amass a relatively large amount of wealth within a generation. Technological improvement also contributed to the rise in productivity and wealth.