Hostname: page-component-76fb5796d-x4r87 Total loading time: 0 Render date: 2024-04-25T10:14:06.752Z Has data issue: false hasContentIssue false

A Perspective on the Financial Situation in Agriculture

Published online by Cambridge University Press:  10 May 2017

Get access

Abstract

My purpose in this presentation is to give an overview or perspective on the financial situation in U.S. agriculture. Since descriptions of the situation are generally available (Easterbrook, J. Lee, Melichar-1985, ERS-USDA, van Blokland), I'll only briefly review the problem and its roots. The major emphasis of my presentation is devoted to two areas: difficulties in addressing current financial problems of the sector, and issues which deserve consideration for the future.

Type
Invited Papers
Copyright
Copyright © 1986 Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

W. I. Myers Professor of Agricultural Finance, Cornell University. Helpful comments from Professors R. Milligan, B. Stanton, E. LaDue and L. Tauer are gratefully acknowledged.

References

Bonnen, James, “Improving Information on Agriculture and Rural Life”, AJAE, (1975):753763.Google Scholar
Breimyer, Harold F., The Asset Devaluation Problem, Paper delivered at annual meeting of Southern. Agr. Econ. Assoc., Orlando, FL, Feb. 5, 1986.Google Scholar
Bullock, Bruce, “Farm Credit Situation: Implications for Agricultural Policy”, FAPRI #4-85, Center for National Food and Agricultural Policy, Dept. of Agr. Econ., Univ. of MO, Columbia, 1985, 22 pages.Google Scholar
Drabenstott, Mark, Duncan, Marvin and Norris, Kim, “Restoring Farm Prosperity: The Policy Agenda”, Paper presented at annual meeting of NC-161, St. Louis, Mo., Oct. 9, 1985, 26 pages.Google Scholar
Duncan, Marvin and Harrington, David, “Farm Financial Stress: Extent and Causes”, in The Farm Credit Crisis: Policy Options and Consequences, B-1532, Texas Agr. Ext. Serv., College Station, Texas, pp. 113.Google Scholar
Easterbrook, Gregg, “Making Sense of Agriculture”, Atlantic Monthly, (1985):6378.Google Scholar
Economic Research Service, USDA, Financial Characteristics of US Farms, January 1985, Agr. Inf. Bul. 495, July 1985, 42 pages.Google Scholar
Frey, Thomas and Klinefelter, Danny, Coordinated Financial Statements for Agriculture, Agri Finance, Skokie, IL, 1980, 86 pages.Google Scholar
Jones, Bruce, “Farmer Transition Programs: A Positive Response to Farmers’ Financial Problems”, Economic Issues, No. 96, Dept. of Agr. Econ., Univ. of Wisconsin, Madison, March 1986, 4 pages.Google Scholar
Lee, John E. Jr., Farm Sector Financial Problems: Another Perspective, Agr. Inf. Bul. No. 499, ERS, USDA, May 1986, 22 pages.Google Scholar
Lee, Warren F., “Financing Agriculture in a Period of Stress”, ESO: 1242, mimeo, Dept. of Agr. Econ. and Rural Soc., Ohio State Univ., undated, 12 pages.Google Scholar
Melichar, Emanuel, Farm Wealth: Origins, Impact and Implications for Public Policy, A.E. Research 83-40, Dept. of Agr. Econ., Cornell Univ., June 1984, 33 pages.Google Scholar
Melichar, Emanuel, “Farming Financial Experience and Agricultural Banking Experience”, Statement before the Subcommittee on Economic Stabilization of the Committee on Banking, Finance and Urban Affairs, US House of Representatives, Oct. 23, 1985, 31 pages.Google Scholar
Penson, John, and Hughes, Dean, “Impact of Macroeconomic Policy on Future Farm Financial Conditions”, in The Farm Credit Crisis: Policy Options and Consequences, B-1532, Texas Agr. Ext. Serv., College Station, Texas, pp. 3137.Google Scholar
Raup, Philip, “The Crisis in Agriculture”, Staff Paper P85-34, Dept. of Agr. and Applied Econ., Univ. of MN, St. Paul, September 1985, 11 pages.Google Scholar
van Blokland, John, “A Perspective on the Current Agricultural Financial Crisis”, Florida Food and Resource Economics, No. 63, Food and Resource Economics Dept., Univ. of Florida, Gainesville, 4 pages.Google Scholar
Womack, Abner, et. al., Summary Report: Economy Wide Impacts of the Farm Financial Crisis, FAPRI Staff Report #9-85, Center for National Food and Agricultural Policy, Dept. of Agr. Econ., Univ. of MO, Columbia, July 1985, 24 pages.Google Scholar