Small Farmers Weathered 1980's Financial Stress Better than Large Farmers

Gregory D. Hanson and John E. Jinkins

Rural America/ Rural Development Perspectives, 1991, vol. 07, issue 01

Abstract: Large farms had a loan default rate 2.5 times greater than small farms in 1987-88 and an insolvency rate 3 times greater. That was so even though small farms averaged less than $40,000 in annual farm sales while large farms averaged about $200,000. The reason? Small farmers got most of their income from off-farm jobs which cushioned them when crops failed or when the price wasn't right.

Keywords: Agricultural Finance; Financial Economics; Labor and Human Capital (search for similar items in EconPapers)
Date: 1991
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/310929/files/RDP0191e.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:310929

DOI: 10.22004/ag.econ.310929

Access Statistics for this article

More articles in Rural America/ Rural Development Perspectives from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().