IDEAS home Printed from https://ideas.repec.org/p/ags/uerser/307951.html
   My bibliography  Save this paper

U.S. Farming in the Early 1980's: Production and Financial Structure

Author

Listed:
  • Harrington, David H.
  • Reimund, Donn A.
  • Baum, Kenneth H.
  • Peterson, R. Neal

Abstract

Long-term trends to fewer and larger farms appear to have slowed sharply in the late seventies and early eighties. High leverage of farm assets, declining asset values, and low commodity prices caused severe cash flow problems for the farm sector In the early eighties, and many farmers incurred sizable losses. Computer simulation models of representative farms in six regions of the country suggest that fully owned farms with modest or no debt should fare reasonably well over the next few years. But part-owner farms and heavily indebted farmers will likely face financial difficulty and declining net worths. Commodity programs were found to contribute significantly to the survival ability of farms.

Suggested Citation

  • Harrington, David H. & Reimund, Donn A. & Baum, Kenneth H. & Peterson, R. Neal, 1983. "U.S. Farming in the Early 1980's: Production and Financial Structure," Agricultural Economic Reports 307951, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307951
    DOI: 10.22004/ag.econ.307951
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/307951/files/aer504.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.307951?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. Davenport, Charles & Boehlje, Michael D. & Martin, David B. H., 1982. "The Effects of Tax Policy on American Agriculture," Agricultural Economic Reports 307912, United States Department of Agriculture, Economic Research Service.
    2. Economics, Statistics, and Cooperatives Service, 1979. "Structure Issues of American Agriculture:," Agricultural Economic Reports 307871, United States Department of Agriculture, Economic Research Service.
    3. Lin, William W. & Coffman, George & Penn, J. B., 1980. "U.S. Farm Numbers, Sizes, and Related Structural Dimensions: Projections to Year 2000," Technical Bulletins 157730, United States Department of Agriculture, Economic Research Service.
    4. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(2), pages 1-15, April.
    5. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator: The Dairy-Sector Submodel," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(3), pages 1-14, July.
    6. Emanuel Melichar, 1979. "Capital Gains versus Current Income in the Farming Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1085-1092.
    7. Meekhof, Ronald L. & Penn, J.B. & Johnson, James & Miller, Thomas A., 1980. "Agricultural-Food Policy Review," Economics Statistics and Cooperative Services (ESCS) Reports 279723, United States Department of Agriculture, Economic Research Service.
    8. Mighell, Ronald L. & Hoofnagle, William S., 1972. "Contract Production and Vertical Integration in Farming, 1960 and 1970," Miscellaneous Publications 324003, United States Department of Agriculture, Economic Research Service.
    9. Lin, William & Johnson, James & Calvin, Linda, 1981. "Farm Commodity Programs: Who Participates and Who Benefits?," Agricultural Economic Reports 307908, United States Department of Agriculture, Economic Research Service.
    10. Spitze, Robert G. F., 1981. "Future Agricultural and Food Policy," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(1), pages 11-19, July.
    11. Prentice, Paul T. & Schertz, Lyle P., 1981. "Inflation: A Food and Agricultural Perspective," Agricultural Economic Reports 307898, United States Department of Agriculture, Economic Research Service.
    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. Baum, Kenneth H. & Harrington, David H., 1983. "Effects of Alternative Economic Scenarios and Commodity Policies on Regional Representative Farms," Staff Reports 337010, United States Department of Agriculture, Economic Research Service.
    2. Ribaudo, Marc O. & Colacicco, Daniel & Langner, Linda L. & Piper, Steven & Schaible, Glenn D., 1990. "Natural Resources and Users Benefit from the Conservation Reserve Program," Agricultural Economic Reports 308085, United States Department of Agriculture, Economic Research Service.
    3. Young, C. Edwin & Osborn, C. Tim, 1990. "The Conservation Reserve Program: An Economic Assessment," Agricultural Economic Reports 308084, United States Department of Agriculture, Economic Research Service.
    4. Johnson, James & Clayton, Kenneth, 1982. "Organization And Well-Being Of The Farming Industry: Reflectlions 7:1":%82 Agriculture And Food Act Of 1981," 1982 Annual Meeting, August 1-4, Logan, Utah 279424, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Krause, Kenneth R., 1983. "Corporate Farming: Importance, Incentives, and State Restrictions," Agricultural Economic Reports 307953, United States Department of Agriculture, Economic Research Service.
    6. Gertel, Karl, 1985. "Differing Effects of Farm Commodity Programs on Land Returns and Land Values," Agricultural Economic Reports 307999, United States Department of Agriculture, Economic Research Service.
    7. Young, C. Edwin & Hyberg, Brent T. & Price, J. Michael & Huang, Wen-Yuan & Lee, Chinkook & Sharples, Jerry L. & Dvoskin, Dan, 1989. "Economic Effects of Mandatory Production Controls," Agricultural Economic Reports 308047, United States Department of Agriculture, Economic Research Service.
    8. Langley, James A. & Price, J. Michael, 1985. "Implications of Alternative Moving Average Loan Rates," Agricultural Economic Reports 307994, United States Department of Agriculture, Economic Research Service.
    9. Westcott, Paul C. & Hull, David B., 1985. "A Quarterly Forecasting Model for U.S. Agriculture," Technical Bulletins 156815, United States Department of Agriculture, Economic Research Service.
    10. Edwards, Clark, 1985. "U.S. Agriculture's Potential to Supply World Food Markets," Agricultural Economic Reports 307995, United States Department of Agriculture, Economic Research Service.
    11. Gavett, Earle E. & Grinnell, Gerald E. & Smith, Nancy L., 1986. "Fuel Ethanol and Agriculture: An Economic Assessment," Agricultural Economic Reports 308014, United States Department of Agriculture, Economic Research Service.
    12. Salathe, Larry E. & Price, J. Michael, 1992. "Implications Of Raising The Nonfat Solids Standards For Beverage Milk," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(2), pages 1-13, December.
    13. Miller, Thomas A. & Sharples, Jerry A. & House, Robert M. & Moore, Charles V., 1985. "Increasing World Grain Market Fluctuations: Implications for U.S. Agriculture," Agricultural Economic Reports 307997, United States Department of Agriculture, Economic Research Service.
    14. Baum, Kenneth & Harrington, David, 1983. "Research, Risk And Agricultural Policy: Some Suggestions From Within The Fire," 1983: S-180 Annual Meeting, March 28-30, 1983, San Antonio, Texas 271581, Regional Research Projects > S-180: Risk Management Strategies for Agricultural Production Firms: Perspectives and Research Issues.
    15. Carlberg, Jared G., 2002. "Effects Of Ownership Restrictions On Farmland Values In Saskatchewan," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(2), pages 1-10, August.
    16. Hoffman, Linwood A. & Livezey, Janet, 1987. "The U.S. Oats Industry," Agricultural Economic Reports 305462, United States Department of Agriculture, Economic Research Service.
    17. Sandrey, Ronald A. & Arthur, Louise M. & Oliveira, Ronald A. & Wilson, W. Robert, 1982. "Determinants Of Oregon Farmland Values: A Pooled Cross-Sectional, Time Series Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-10, December.
    18. Li, Xin, 2016. "The Farmland Valuation Revisited," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 4(2), pages 1-14, April.
    19. repec:zbw:inwedp:582015 is not listed on IDEAS
    20. Oltmer, Katrin & Florax, Raymond J.G.M., 2001. "Impacts Of Agricultural Policy Reform On Land Prices: A Quantitative Analysis Of The Literature," 2001 Annual meeting, August 5-8, Chicago, IL 20507, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    21. Gustafson, Cole R., 1986. "Measuring The Productivity Of Capital In United States Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-9, December.

    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:uerser:307951. 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/ersgvus.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.