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Measuring and Analyzing Farm Financial Stress

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  • Harris, James Michael
  • Williams, Robert P.
  • Morehart, Mitchell J.
  • Erickson, Kenneth W.
  • Mishra, Ashok K.

Abstract

The financial health of the agricultural economy has been excellent for the past few years, especially with farm income reaching record levels. However, the U.S. economy has experienced a recession and a credit crisis. Although the U.S. farm sector has been mostly shielded from the economic downturn, farm financial stress is still possible under current conditions. Are some U.S. farm businesses, especially those with term debt, poised to experience significant financial stress in 2010? We use the Agricultural Resource Management Survey (ARMS), sponsored jointly by USDA’s Economic Research Service (ERS) and National Agricultural Statistical Service, to help answer this question.

Suggested Citation

  • Harris, James Michael & Williams, Robert P. & Morehart, Mitchell J. & Erickson, Kenneth W. & Mishra, Ashok K., 2010. "Measuring and Analyzing Farm Financial Stress," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61528, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea10:61528
    DOI: 10.22004/ag.econ.61528
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    References listed on IDEAS

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    1. John R. Brake & Michael D. Boehlje, 1985. "Solutions (or Resolutions) of Financial Stress Problems from the Private and Public Sectors," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(5), pages 1123-1128.
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    Cited by:

    1. Burns, Christopher & Tulman, Sarah & Harris, J. Michael, 2015. "Farm Financial Stress in a Changing Economic Environment: Simulating Credit Risk with New Imputed ARMS Data on Farm Debt," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205295, Agricultural and Applied Economics Association.

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    Keywords

    Agricultural Finance; Financial Economics;

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