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North Dakota and Texas Farmers Who Are in Financial Stress

Author

Listed:
  • Leistritz, F. Larry
  • Ekstrom, Brenda L.
  • Leholm, Arlen G.
  • Murdock, Steve H.
  • Hamm, Rita R.

Abstract

Many American farmers are facing their most severe financial crisis since the 1930's. An unprecedented proportion of farmers may be forced to quit within the next 5 years. To see how farmers might adjust to the farm financial crisis and how those adjustments might affect farm-dependent rural communities, we conducted a telephone survey of farmers in North Dakota and Texas. We asked them about their finances, their families (age, number of children, and so on), and their off-farm working experience. After initial screening, 1,953 farmers (933 in North Dakota and 1,020 in Texas) remained who were younger than age 65, considered farming their primary occupation, and sold $2,500 or more of farm products in 1984.

Suggested Citation

  • Leistritz, F. Larry & Ekstrom, Brenda L. & Leholm, Arlen G. & Murdock, Steve H. & Hamm, Rita R., 1986. "North Dakota and Texas Farmers Who Are in Financial Stress," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 2(3), June.
    • Handle: RePEc:ags:uersra:310367
    DOI: 10.22004/ag.econ.310367
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