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The U.S. Farm Lease-Debt Relationship: Evidence from a National Survey

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  • Harris, J. Michael
  • Erickson, Kenneth

Abstract

This poster examines the issue of whether debt and leasing are substitutes. Using 2012 Agricultural Resource Management Survey data, a tobit model is estimated to estimate the debt-to-lease displacement ratio. Leasing and debt were found to be substitutes and the ratio was found to vary among farm typologies. Medium and large farms had near perfect substitution ratios.

Suggested Citation

  • Harris, J. Michael & Erickson, Kenneth, 2014. "The U.S. Farm Lease-Debt Relationship: Evidence from a National Survey," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170495, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea14:170495
    DOI: 10.22004/ag.econ.170495
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    File URL: https://ageconsearch.umn.edu/record/170495/files/Final%20Poster%20draft.pdf
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    Keywords

    Agricultural Finance;

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