Understanding U.S. farm exits / Robert A. Hoppe and Penni Korb.

Format:

Book

Government document

Author/Creator:

Hoppe, Robert A.

Contributor:

Korb, Penni

United States. Department of Agriculture. Economic Research Service

Series:

Economic research report (United States. Department of Agriculture. Economic Research Service) ; no. 21.

Economic research report ; 21

Language:

English

Subjects (All):

Farms--Economic aspects--United States.

Farms.

Farmers--United States--Economic conditions.

Farmers.

Farmers--Economic conditions.

Farms--Economic aspects.

United States.

Physical Description:

iv, 36 pages : digital, PDF file.

Other Title:

Understanding United States farm exits

Place of Publication:

[Washington, D.C.] : U.S. Dept. of Agriculture, Economic Research Service, [2006]

Summary:

The rate at which U.S. farms go out of business, or exit farming, is about 9 or 10 percent per year, comparable to exit rates for nonfarm small businesses in the United States. U.S. farms have not disappeared because the rate of entry into farming is nearly as high as the exit rate. The relatively stable farm count since the 1970s reflects exits and entries essentially in balance. The probability of exit is higher for recent entrants than for older, more established farms. Farms operated by Blacks are more likely to exit than those operated by Whites, but the gap between Black and White exit probabilities has declined substantially since the 1980s. Exit probabilities differ by specialization, with beef farms less likely to exit than cash grain or hog farms.

Notes:

Title from title screen (viewed Nov. 21, 2006).

"June 2006."

Includes bibliographical references (pages 25-27).

Other Format:

Hoppe, Robert A. Understanding U.S. farm exits

OCLC:

76811457