IDEAS home Printed from https://ideas.repec.org/a/ags/jasfmr/197150.html
   My bibliography  Save this article

Characteristics That Help a Farm Achieve Long-Term Viability

Author

Listed:
  • Ibendahl, Gregg
  • Langemeier, Michael R.

Abstract

Agriculture has seen several periods of both high and low farmer profitability. This has resulted in at least some farmers leaving agriculture because of financial difficulty. Other farmers, however, have managed to survive the bust periods of agriculture and are still farming today. This paper uses a 40-year dataset of farm financial data from the Kansas Farm Management Association (KFMA) to compare those farms that have been in the program the entire 40-year timeframe to the remaining farms in the dataset to determine if those long-term farms have any different financial characteristics that have helped them survive long-term. Results indicate that the long-term farms have put more of their profits back into the farm resulting in higher levels of equity and lower levels of debt.

Suggested Citation

  • Ibendahl, Gregg & Langemeier, Michael R., 2014. "Characteristics That Help a Farm Achieve Long-Term Viability," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2014, pages 1-11.
    • Handle: RePEc:ags:jasfmr:197150
    DOI: 10.22004/ag.econ.197150
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/197150/files/414-Ibendahl_reduced.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.197150?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michael D. Boehlje & Brent A. Gloy & Jason R. Henderson, 2013. "U.S. Farm Prosperity: The New Normal or Reversion to the Mean," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 95(2), pages 310-317.
    2. Stephan J. Goetz & David L. Debertin, 2001. "Why Farmers Quit: A County-Level Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 1010-1023.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Na Li & Richard J. Vyn & Ken McEwan, 2016. "To Invest or Sell? The Impacts of Ontario’s Greenbelt on Farm Exit and Investment Decisions," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 38(3), pages 389-412.
    2. Van Herck, Kristine, 2011. "Where have all the farmers gone? EU Accession and Structural Change in Bulgaria," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114829, European Association of Agricultural Economists.
    3. Sarah Ann Wheeler & Ying Xu & Alec Zuo, 2020. "Modelling the climate, water and socio-economic drivers of farmer exit in the Murray-Darling Basin," Climatic Change, Springer, vol. 158(3), pages 551-574, February.
    4. Paudel, Krishna P. & Wang, Yiqian, 2002. "Part Time Farming, Farm Productivity, And Farm Income: Evidence From The Southeast Us," 2002 Annual meeting, July 28-31, Long Beach, CA 19594, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Garrone, Maria & Emmers, Dorien & Olper, Alessandro & Swinnen, Johan, 2019. "Jobs and agricultural policy: Impact of the common agricultural policy on EU agricultural employment," Food Policy, Elsevier, vol. 87(C), pages 1-1.
    6. repec:zbw:inwedp:422009 is not listed on IDEAS
    7. Juliane Haensch & Sarah Ann Wheeler & Alec Zuo, 2021. "Explaining permanent and temporary water market trade patterns within local areas in the southern Murray–Darling Basin," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(2), pages 318-348, April.
    8. Thomas Glauben & Hendrik Tietje & Christoph Weiss, 2006. "Agriculture on the move: Exploring regional differences in farm exit rates in Western Germany," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 26(1), pages 103-118, March.
    9. Arita, Shawn & Hemanchandra, Dilini & Leung, PingSun, 2014. "Can Local Farms Survive Globalization?," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 43(2), pages 1-22, August.
    10. Raimondi, Valentina & Curzi, Daniele & Bertoni, Danilo & Olper, Alessandro, 2013. "Off-farm Labour Decision of Italian Farm Operators," Factor Markets Working Papers 173, Centre for European Policy Studies.
    11. Tietje, Hendrik, 2003. "Hofnachfolgesituation in Deutschland: Eine empirische Analyse von Querschnittsdaten auf Kreisebene," FE Working Papers 0301, Christian-Albrechts-University of Kiel, Department of Food Economics and Consumption Studies.
    12. Marie Dervillé & Gilles Allaire & Élise Maigné & Éric Cahuzac, 2017. "Internal and contextual drivers of dairy restructuring: evidence from French mountainous areas and post†quota prospects," Agricultural Economics, International Association of Agricultural Economists, vol. 48(1), pages 91-103, January.
    13. Burns, Christopher & Prager, Daniel, "undated". "Do Direct Payments and Crop Insurance Influence Commercial Farm Survival and Decisions to Expand?," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235693, Agricultural and Applied Economics Association.
    14. repec:kap:iaecre:v:15:y:2009:i:1:p:125-137 is not listed on IDEAS
    15. Griffin, Bretford & Hartarska, Valentina & Nadolnyak, Denis, 2018. "Entry and Exit from Farming: Insights from 5 Rounds of Agricultural Census Data," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266616, Southern Agricultural Economics Association.
    16. Theodoros Skevas & Wyatt Thompson & Scott Brown & Victor E. Cabrera, 2021. "Milk Income over Feed Cost Margin, Margin Protection Program, and Farm Finances for a Sample of Wisconsin Dairies in 2000–2017," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(4), pages 1638-1657, December.
    17. Burns, Christopher B. & Prager, Daniel L., 2018. "Does Crop Insurance Influence Commercial Crop Farm Decisions to Expand? An Analysis Using Panel Data from the Census of Agriculture," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(1), January.
    18. Lambert, David K., 2012. "U.S. Net Farm Income, 1913-2012," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124506, Agricultural and Applied Economics Association.
    19. Emmanuel Paroissien & Laure Latruffe & Laurent Piet, 2021. "Early exit from business, performance and neighbours’ influence: a study of farmers in France [Effects of differing farm policies on farm structure and dynamics]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(5), pages 1132-1161.
    20. Marasteanu, I. Julia & Liang, Chyi-Lyi (Kathleen) & Goetz, Stephan, 2014. "Spatial and Cluster Analysis for Multifunctional Agriculture in New England Region," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170314, Agricultural and Applied Economics Association.
    21. Wu, Feng & Guan, Zhengfei & Yu, Fan & Myers, Robert J., 2013. "The spillover effects of biofuel policy on participation in the conservation reserve program," Journal of Economic Dynamics and Control, Elsevier, vol. 37(9), pages 1755-1770.
    22. Durden, Garey C. & Gaynor, Patricia E., 2015. "Publishing in The Journal of Regional Analysis and Policy and an Evaluation (via Citation Counts) of JRAP’s Influence on Scholarship in Regional Science," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 45(2).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jasfmr:197150. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/asfmrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.