Could the EPA Cause the Next Farm Financial Crisis?

Jeffrey Stokes and Jim Jansen

No 413278, Cornhusker Economics from University of Nebraska-Lincoln, Department of Agricultural Economics

Abstract: The inflation that crept into the economy in 2022 surprised many since it had not been seen for about 40 years. What has also not been seen for about 40 years is the type of farm-level financial stress causing some quarter of a million farms lost, the devastation of whole rural communities, and a compromised community banking sector and Farm Credit System (FCS). In 1981, as the Federal Reserve’s tighter monetary policy began to take effect, U.S. farmland value nominally peaked at about $785b. By 1985, it had fallen by about 31% from the peak resulting in a sector debt-to-asset ratio of just over 22%.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nbaece:413278

DOI: 10.22004/ag.econ.413278

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