Farm Expenditures and Their Financing in 1970

Dorwin Williams

No 307585, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: Sample survey estimates from the 1970 Survey of Agricultural Finance, Bureau of the Census show that farm operators accounted for approximately 92 percent of total farm operating expenses and 94 percent of total capital purchases; landlords and contractors accounted for the remainder. Data from the 1970 survey were not available until 1974. Operating expenses accounted for about three-fourths of the operators’ total farm expenditures, of which three-fourths were financed with personal funds and the remainder was financed with borrowed funds. Capital purchases accounted for the remaining one-fourth of the total farm expenditures, of which about half were financed with personal funds and half with borrowed funds. Overall, operators paid for about two-thirds of their total farm expenditures with personal funds and financed the remainder with credit. Wide differences appeared among different subgroups of farm operators regarding amounts spent on operating expenses and capital purchases and their financing.

Keywords: Agricultural Finance; Production Economics (search for similar items in EconPapers)
Pages: 35
Date: 1976-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307585

DOI: 10.22004/ag.econ.307585

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