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Farm-Level Evidence on the Sustainable Growth Paradigm from Grain and Livestock Farms

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  • Escalante, Cesar L.
  • Turvey, Calum G.
  • Barry, Peter J.

Abstract

This study uses the sustainable growth rate model to investigate, measure, and analyze sustainable growth rates and trends for Illinois farmers. Results of farm-level econometric analyses indicate the relevance of the sustainable growth paradigm in explaining most farm financial decisions made each year. Grain farms have shown a greater tendency to balance growth through adjustments in production efficiencies while livestock farms rely more on financial leveraging strategies. In general, our results have shown that the farm sector has adapted to positive or negative sustainable growth challenges consistent with the Higgins' model and that, from an equilibrium point of view, countercyclical measures of the sustainable growth challenge indicate that there has been always a tendency towards balanced growth.

Suggested Citation

  • Escalante, Cesar L. & Turvey, Calum G. & Barry, Peter J., 2006. "Farm-Level Evidence on the Sustainable Growth Paradigm from Grain and Livestock Farms," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25329, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae06:25329
    DOI: 10.22004/ag.econ.25329
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    File URL: https://ageconsearch.umn.edu/record/25329/files/cp060811.pdf
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    References listed on IDEAS

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    1. Tauer, Loren W., 1998. "Estimates of Individual Dairy Farm Supply Elasticities," Working Papers 179370, Cornell University, Department of Applied Economics and Management.
    2. Ornelas, Fermin S. & Shumway, C. Richard, 1993. "Supply Response And Impact Of Government-Supported Crops On The Texas Vegetable Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 22(1), pages 1-10, April.
    3. LaFrance, Jeffrey T. & Burt, Oscar R., 1983. "A Modified Partial Adjustment Model Of Aggregate U.S. Agricultural Supply," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(1), pages 1-12, July.
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    Cited by:

    1. Radosław Pastusiak & Michał Soliwoda & Magdalena Jasiniak & Joanna Stawska & Joanna Pawłowska-Tyszko, 2021. "Are Farms Located in Less-Favoured Areas Financially Sustainable? Empirical Evidence from Polish Farm Households," Sustainability, MDPI, vol. 13(3), pages 1-26, January.
    2. Maoyong Zheng & Cesar L. Escalante & Carmina E. Taylor, 2020. "Did Aggressive Business Growth Strategies Lead to Bank Failures? Lessons from the Late 2000s Great Recession," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(6), pages 1-7.

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    Keywords

    Farm Management;

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