GROWTH AND SURVIVAL IN WHEAT FARMING: THE IMPACT OF LAND EXPANSION AND BORROWING RESTRAINTS

Larry J. Held and Glenn A. Helmers

Western Journal of Agricultural Economics, 1981, vol. 06, issue 2, 10

Abstract: Simulation is used to examine impacts of land expansion strategies and self-imposed borrowing limits upon growth and survival odds of a dryland wheat farm over a 15-year period. Compared to share-rent expansion, purchasing land shows only marginally great growth at best, with substantially higher odds of firm failure. A tradeoff of enhanced survival at the expense of reduced growth results from more conservative borrowing for land. The marginal value of liquidity (for assisting survival) is relatively high at lower levels of credit reserves.

Keywords: Agricultural Finance; Crop Production/Industries; Land Economics/Use (search for similar items in EconPapers)
Date: 1981
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32577

DOI: 10.22004/ag.econ.32577

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