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Financing Agriculture and Rural America: Issues of Policy, Structure and Technical Change: A Comparative Study of the Financial Performance of Grain and Oilseed Farms in Ontario and Illinois

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  • Turvey, Calum
  • Ellinger, Paul

Abstract

This paper provides a comparison between grain farms in Ontario and Illinois. The intent is to focus on how the two regions compare, economically, and how government programs in each region differ and affect asset valuations. In general the results indicate that the two economies move in tandem when it comes to revenue, income, and cash flow generation, the use of debt, and with bankruptcies. Significant differences appear in terms of government programs between the two regions. In Illinois the level of direct support per acre appears to be significantly higher than in Ontario. In terms of land values a paradox is found in that Ontario land values appear to be more highly correlated with the economics and level of support in Illinois and the United States. At the cursory level of analyses it appears that the farmland capitalization model is more supported in the U.S. than in Canada.

Suggested Citation

  • Turvey, Calum & Ellinger, Paul, 2002. "Financing Agriculture and Rural America: Issues of Policy, Structure and Technical Change: A Comparative Study of the Financial Performance of Grain and Oilseed Farms in Ontario and Illinois," Econ Pamphlets 298022, South Dakota State University, Department of Economics.
    • Handle: RePEc:ags:sdsuep:298022
    DOI: 10.22004/ag.econ.298022
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    File URL: https://ageconsearch.umn.edu/record/298022/files/ep030001-004.pdf
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    Cited by:

    1. Chavez, Eddie C. & Dixon, Bruce L. & Ahendsen, Bruce L. & Wailes, Eric J., 2009. "Comparative Financial Characteristics of U.S. Farms by Type, 2005," Staff Papers 55780, University of Arkansas, Department of Agricultural Economics and Agribusiness.

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    Keywords

    Agricultural Finance;

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