Larger Farms and Younger Farmers Are More Vulnerable to Financial Stress
Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2019, vol. October 2019, issue 09
Farm-level measures of solvency, liquidity, and repayment capacity indicate that farms with at least $100,000 in annual sales were more likely to be under financial stress than smaller-scale operations in 2017. Levels of financial stress that year were near 20-year averages and not as severe as peak levels in 2002. If gross cash farm income in 2017 were to fall by 20 percent, the share of farms in extreme financial stress would increase relatively more for larger-scale farms, farms with a principal operator under age 40, and dairy farms.
Keywords: Consumer/Household Economics; Financial Economics; Labor and Human Capital; Land Economics/Use (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://ageconsearch.umn.edu/record/302877/files/US ... nancial%20Stress.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:302877
Access Statistics for this article
More articles in Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().