Financial Characteristics of U.S. Farms, January 1, 1989

Mitchell J. Morehart, James D. Johnson and David E. Banker

No 309517, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Despite the 1988 drought, the overall financial conditions of farmers and ranchers remained similar to those in 1987. On average, net farm income (profitability) and net cash farm income rose slightly, but fewer farms had positive incomes. More farms had no outstanding liabilities, and fewer farms had debt/asset ratios (solvency) above 0.40. This report provides a detailed analysis of farm financial performance based on the latest information from the Farm Costs and Returns Survey (FCRS).

Keywords: Agricultural Finance; Consumer/Household Economics; Financial Economics (search for similar items in EconPapers)
Pages: 181
Date: 1989-12
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:309517

DOI: 10.22004/ag.econ.309517

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