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How Is Farm Financial Stress Affecting Rural America?

Author

Listed:
  • Petrulis, Mindy
  • Green, Bernal L.
  • Hines, Fred
  • Nolan, Richard
  • Sommer, Judith

Abstract

Recent farm financial stress has hit the Midwest the hardest because farming there is specialized and the Midwest's overall economy has not rebounded from the 1980-82 recessions. Though the number of farmers working off the farm is growing nationally, more plentiful nonfarm jobs in the Northeast and South have helped offset farmers' financial stress. Economically diversified and densely settled areas with younger residents have fared best, while heavily farming-dependent areas have fared worst and lost population. This report contains indepth comparisons of rural America's current economic health by region and by reliance on farming.

Suggested Citation

  • Petrulis, Mindy & Green, Bernal L. & Hines, Fred & Nolan, Richard & Sommer, Judith, 1987. "How Is Farm Financial Stress Affecting Rural America?," Agricultural Economic Reports 308026, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:308026
    DOI: 10.22004/ag.econ.308026
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    File URL: https://ageconsearch.umn.edu/record/308026/files/aer568.pdf
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    Cited by:

    1. Leistritz, F. Larry & Ekstrom, Brenda L. & Wanzek, Janet K. & Mortensen, Timothy L., 1989. "Beginning Farmers in North Dakota," Agricultural Economics Reports 23449, North Dakota State University, Department of Agribusiness and Applied Economics.

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