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Challenges? Yes. But this is not 1984!

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  • Blanchfield, John

Abstract

Because US agriculture is heavily dependent on exports, it is currently suffering from many of the same problems that other export-dependent industries are experiencing. Turmoil in foreign economies has had a direct impact on domestic farm prices. The 1990s have been very profitable years for farmers and ranchers. In the 1970s and 1980s, many of the asset gains that farmers experienced were the result of inflation, not real profitability. The situation in the 1990s is the opposite of this. Farm and ranch businesses have increased their wealth through profits and retained earnings, not asset inflation.

Suggested Citation

  • Blanchfield, John, 1998. "Challenges? Yes. But this is not 1984!," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 12(01).
    • Handle: RePEc:ags:abajal:336447
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