Debt Use By U.S Farm Businesses, 1992-2011

Jennifer Ifft, Kevin Patrick and Amirdara Novini

No 165912, Economic Information Bulletin from United States Department of Agriculture, Economic Research Service

Abstract: This report is a primer on the use of debt by U.S. farm businesses for policymakers, researchers, and others interested in the financial well-being of U.S. agriculture. It presents data on basic debt-use patterns by farm businesses (in 2011, over 900,000 farms operated as farm businesses based on their size, organizational structure, or the occupation of their principal operator) and explores key trends over 20 years. U.S. farm debt use varies widely by farm size, specialization, operator age, and other farm characteristics. Largescale farm businesses, farm businesses with younger operators, and dairy and poultry farm businesses all have higher levels of debt use. Both average debt-to-asset ratios and the share of farm businesses with high debt-to-asset ratios have declined over time.

Keywords: Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 22
Date: 2014-04
New Economics Papers: this item is included in nep-agr and nep-cfn
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersib:165912

DOI: 10.22004/ag.econ.165912

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