The farm crisis is not over

Carl R. Zulauf and Allan E. Lines
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Carl R. Zulauf: Department of Agricultural Economics and Rural Sociology, The Ohio State University, Postal: Department of Agricultural Economics and Rural Sociology, The Ohio State University
Allan E. Lines: Department of Agricultural Economics and Rural Sociology, The Ohio State University, Postal: Department of Agricultural Economics and Rural Sociology, The Ohio State University

Agribusiness, 1988, vol. 4, issue 2, 109-118

Abstract: As farm income establishes nominal records, optimism has returned to US agriculture. However, examination of the causes-declining farm expenses, high government payments, and high livestock profits-suggests foreboding. Target prices can decline under the 1985 Farm Bill, and livestock profits will decline as production expands. Compared with current values, farm profits could decline $10-$15 billion, farm asset values could decline 20-30%, and farm debt could decline 40-50%. These suggest the farm crisis is not over. Also, number of farms will likely decline due to declining prices; and forces supporting supply management may be strengthened.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:4:y:1988:i:2:p:109-118

DOI: 10.1002/1520-6297(198803)4:2<109::AID-AGR2720040202>3.0.CO;2-I

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