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

22 Pages Posted: 1 Oct 2014

See all articles by Jennifer Ifft

Jennifer Ifft

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Amirdara Novini

George Washington University

Kevin Patrick

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Date Written: April 1, 2014

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. Large-scale 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: Farms, debt, debt-to-asset ratios, commodities, Agricultural Resource Management Survey

Suggested Citation

Ifft, Jennifer and Novini, Amirdara and Patrick, Kevin, Debt Use by U.S Farm Businesses, 1992-2011 (April 1, 2014). USDA-ERS Economic Information Bulletin Number 122. Available at SSRN: https://ssrn.com/abstract=2503453 or http://dx.doi.org/10.2139/ssrn.2503453

Jennifer Ifft (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
(202) 694-5552 (Phone)

Amirdara Novini

George Washington University

2121 I Street NW
Washington, DC 20052
United States

Kevin Patrick

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
32
Abstract Views
283
PlumX Metrics