Hostname: page-component-76fb5796d-2lccl Total loading time: 0 Render date: 2024-04-29T01:13:15.528Z Has data issue: false hasContentIssue false
  • English
  • Français

Entry into Farming: The Effects of Leasing and Leverage on Firm Survival

Published online by Cambridge University Press:  28 April 2015

James W. Richardson ,
Catharine M. Lemieux  and
Clair J. Nixon
James W. Richardson
Affiliation:
Agricultural and Food Policy Center
Catharine M. Lemieux
Affiliation:
Economic Research Service, U. S. Department of Agriculture
Clair J. Nixon
Affiliation:
Accounting Department atTexas A&M University
Get access

Extract

The 1979 Farm Finance Survey revealed that 42 percent of all farmers are over 55 years of age and these farmers control 48 percent of all farm assets. This implies that the ownership of about one-half of all farmland will be transferred in the next three decades.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 15 , Issue 2 , December 1983 , pp. 139 - 145
Copyright
Copyright © Southern Agricultural Economics Association 1983

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.)

References

Anderson, T. W.An Introduction to Multivariate Statistical Analysis. New York: John Wiley and Sons, 1958.Google Scholar
Barry, P. J., and Baker, C. B.. “Management of Firm Level Financial Structure.” Agr. Fin. Rev. 37(1977):55–63.Google Scholar
Boehlje, Michael, and White, T. K.. An Analysis of the Impact of Selected Factors on the Process of Farm Firm Growth. Purdue Agr. Exp. Sta. Bull. 584, 1969.Google Scholar
Clements, A. M. Jr., Mapp, H. P. Jr., and Eidman, V. R.. A Procedure for Correlating Events in Farm Firm Simulation Models. Oklahoma Agr. Exp. Sta. Tech. BullT-131, 1971.Google Scholar
Epperson, J. E., and Bell, Sidney. Getting Established in Farming with Special Reference to Credit. Auburn University Agr. Exp. Sta. Bull. 400, 1970.Google Scholar
Hottel, J. B. and Barry, P. J.. “Issues Related to Entry of Young People into Farming.” Agr. Fin. Rev. 38(1978):6–12.Google Scholar
Internal Revenue Code of 1954. Engelwood Cliffs, New Jersey: Prentice-Hall, 1983.Google Scholar
Kaldor, D. R., and Jetton, T. C.. Characteristics of Operator Entry into Iowa Farming, 1959-60. Iowa State University Agr. Exp. Sta. Res. Bull. 546, 1966.Google Scholar
Knutson, R. D, Penn, J. B., and Boehm, W. T.. Agricultural and Food Policy. Engelwood Cliffs, New Jersey: Prentice-Hall, 1983.Google Scholar
LaDue, E. L.Economic Evaluation of an Equipment Lease Program. New York State College Exp. Sta. Bull. 35, 1979.Google Scholar
Yao-Chi, Lu, Home, James, and Tweeten, Luther. Farming Opportunities for Farm Youth in Oklahoma and the United States. Oklahoma Agr. Exp. Sta. Bull. B-683, 1970.Google Scholar
Patrick, George, and Eisgruber, L. M.. “Impact of Management Ability and Capital Structure on Growth of the Firm.” Amer. J. Agr. Econ. 50(1968):491–506.CrossRefGoogle Scholar
Penson, J. B. Jr., and Lins, David. Agricultural Finance: An Introduction to Micro and Macro Concepts. Engelwood Cliffs, New Jersey: Prentice-Hall, 1980.Google Scholar
Plaxico, J. S., and Kletke, Darrel. “Financial Leasing as an Alternative to Ownership.” Oklahoma Current Farm Economics. 52(1979):3–9.Google Scholar
Richardson, J. W., and Nixon, C.J.. “Producer's Preference for a Cotton Farmer Owned Reserve: An Application of Simulation and Stochastic Dominance.” W. J. Agr. Econ. 7(1982): 123–132.Google Scholar
Smith, E.G. “Economic Impact of Current and Alternative Farm Programs on Farm Structure in the Southern High Plains of Texas.” Ph.D. dissertation, Texas A&M University, 1982.Google Scholar
Thomas, K. H., and Jenson, H. R.. Starting Farming in South Central Minnesota… Guidelines, Financial Rewards, Requirements. University of Minnesota Agr. Exp. Sta. Bull. 499, 1969.Google Scholar
Treasury Regulations 1983. Engelwood Cliffs, New Jersey: Prentice-Hall, 1983.Google Scholar
Willet, G. S., and Penland, R. W.. The Economics of Owning, Leasing, Renting or Custom-Hiring Selected Farm Machinery in Arizona. University of Arizona Agr. Exp. Sta. Bull. 224, 1975.Google Scholar
USDA. Economic Indicators of the Farm Sector Income and Balance Sheet Statistics, 1981. NED, ERS, 1982.Google Scholar
U.S. Department of Commerce. 1979 Farm Finance Survey. Bureau of the Census. Vol. 5, Part 6. AC78-SR-6.Google Scholar