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EnVesting in an Agricultural Legacy: Design and Implementation of a Targeted Young and Beginning Farmer Loan Program in Arkansas

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Author Info

  • Goeringer, L. Paul
  • Goodwin, Harold L., Jr.
  • Dixon, Bruce L.
  • Popp, Michael P.
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    Abstract

    U.S. agriculture has seen a decrease in of producers under the age of 35 entering agriculture for the past thirty years. This paper will explore the design and possible implementation of an innovative loan program designed give qualifying new young and beginning producers concessionary interest rates and loan fees for implementing of practices designed to improve on-farm profitability.

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    File URL: http://purl.umn.edu/143037
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    Bibliographic Info

    Paper provided by Southern Agricultural Economics Association in its series 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida with number 143037.

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    Date of creation: 2013
    Date of revision:
    Handle: RePEc:ags:saea13:143037

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    Web page: http://www.saea.org/
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    Related research

    Keywords: young and beginning farmers; loan program; best management practices; Agribusiness; Agricultural Finance; Farm Management; Production Economics;

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    References

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    1. Popp, Jennie S. Hughes & Griffin, Terry W., 2000. "Profitability Of Variable Rate Phosphorus In A Two Crop Rotation," 2000 Annual meeting, July 30-August 2, Tampa, FL 21806, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Bergtold, Jason S. & Duffy, Patricia A. & Hite, Diane & Raper, Randy L., 2012. "Demographic and Management Factors Affecting the Adoption and Perceived Yield Benefit of Winter Cover Crops in the Southeast," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(01), February.
    3. Matekole, Augustus N. & Westra, John V. & Appelboom, Timothy W., 2009. "Best Management Practices: How Economical is it in Southern Agricultural Systems?," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46757, Southern Agricultural Economics Association.
    4. Watkins, K. Bradley & Hignight, Jeffrey A. & Beck, Paul A. & Anders, Merle M. & Hubbell, Donald S., III & Gadberry, Shane, 2010. "An Economic Risk Analysis of Stocker Grazing on Conservation Tillage Small Grains Forage in Arkansas," 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida 56356, Southern Agricultural Economics Association.
    5. Katchova, Ani L., 2010. "An Analysis of the Financial Performance of Beginning Farmers," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61513, Agricultural and Applied Economics Association.
    6. Popp, Jennie S. Hughes & Wailes, Eric J. & Young, Kenneth B. & Smartt, Jim, 2004. "Assessing The Benefits Of On-Farm Reservoirs And Tail-Water Recovery Systems," 2004 Annual meeting, August 1-4, Denver, CO 20210, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Ashok Mishra & Christine Wilson & Robert Williams, 2009. "Factors affecting financial performance of new and beginning farmers," Agricultural Finance Review, Emerald Group Publishing, vol. 69(2), pages 160-179, July.
    8. Watkins, K. Bradley & Hignight, Jeffrey A. & Anders, Merle M., 2011. "The Impacts of Farm Size and Economic Risk on No-Till Rice Whole-Farm Profitability," 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas 98733, Southern Agricultural Economics Association.
    9. Nickerson, Cynthia J. & Hand, Michael S., 2009. "Participation in Conservation Programs by Targeted Farmers: Beginning, Limited-Resource, and Socially Disadvantaged Operators' Enrollment Trends," Economic Information Bulletin 55641, United States Department of Agriculture, Economic Research Service.
    10. Nwoha, Ogbonnaya John & Ahrendsen, Bruce L. & Dixon, Bruce L. & Chavez, Eddie C. & Hamm, Sandra J. & Settlage, Daniel M. & Danforth, Diana M., 2005. "Farm Service Agency Direct Farm Loan Program Effectiveness Study," Research Reports 15772, University of Arkansas, Arkansas Agricultural Experiment Station.
    11. Bonham, John G. & Bosch, Darrell J. & Pease, James W., 2006. "Cost-Effectiveness of Nutrient Management and Buffers: Comparisons of Two Spatial Scenarios," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(01), April.
    12. Dillon, Carl R. & Gandonou, Jean-Marc, 2007. "Precision Timing and Spatial Allocation of Economic Fertilizer Application," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34955, Southern Agricultural Economics Association.
    13. Stephen Gareau, 2004. "Analysis of plant nutrient management strategies: Conventional and alternative approaches," Agriculture and Human Values, Springer, vol. 21(4), pages 347-353, January.
    14. D'Antoni, Jeremy M. & Mishra, Ashok K. & Chintawar, Sachin, 2009. "Predicting Financial Stress in Young and Beginning Farmers in the United States," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46861, Southern Agricultural Economics Association.
    15. Truman, C.C. & Nuti, R.C., 2010. "Furrow diking in conservation tillage," Agricultural Water Management, Elsevier, vol. 97(6), pages 835-840, June.
    16. Hignight, Jeffrey A. & Watkins, K. Bradley & Anders, Merle M., 2010. "An Economic Risk Analysis of Tillage and Cropping Systems on the Arkansas Grand Prairie," 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida 56354, Southern Agricultural Economics Association.
    17. Dixon, Bruce L. & Ahrendsen, Bruce L. & Nwoha, Ogbonnaya John & Hamm, Sandra J. & Danforth, Diana M., 2007. "FSA Direct Farm Loan Program Graduation Rates and Reasons for Exiting," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 39(03), December.
    18. Popp, Jennie S. Hughes & Wailes, Eric J. & Young, Kenneth B. & Smartt, Jim & Intarapapong, Walaiporn, 2003. "Use of On-Farm Reservoirs in Rice Production: Results from the MARORA Model," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 35(02), August.
    19. Adhikari, Arun & Mishra, Ashok K. & Chintawar, Sachin, 2009. "Adoption of Technology and Its Impact on Profitability of Young and Beginning Farmers: A Quantile Regression Approach," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46830, Southern Agricultural Economics Association.
    20. Bonham, John G. & Bosch, Darrell J. & Pease, James W., 2004. "Cost Effectiveness Of Nutrient Management And Buffers: Comparisons Of Four Spatial Scenarios," 2004 Annual meeting, August 1-4, Denver, CO 20069, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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