North Dakota and Texas Farmers Who Are in Financial Stress

F. Leistritz, Brenda L. Ekstrom, Arlen G. Leholm, Steve H. Murdock and Rita R. Hamm

Rural America/ Rural Development Perspectives, 1986, vol. 02, issue 3

Abstract: Many American farmers are facing their most severe financial crisis since the 1930's. An unprecedented proportion of farmers may be forced to quit within the next 5 years. To see how farmers might adjust to the farm financial crisis and how those adjustments might affect farm-dependent rural communities, we conducted a telephone survey of farmers in North Dakota and Texas. We asked them about their finances, their families (age, number of children, and so on), and their off-farm working experience. After initial screening, 1,953 farmers (933 in North Dakota and 1,020 in Texas) remained who were younger than age 65, considered farming their primary occupation, and sold $2,500 or more of farm products in 1984.

Keywords: Agricultural Finance; Farm Management; Financial Economics (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:310367

DOI: 10.22004/ag.econ.310367

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