IDEAS home Printed from https://ideas.repec.org/p/ags/uersab/305796.html
   My bibliography  Save this paper

The Balance Sheet of the Farming Sector, 1971

Author

Listed:
  • Evans, Carson D.
  • Warren, Forest G.
  • Allen, Philp T.
  • Smith, Alan G.
  • Reinsel, Robert D.

Abstract

Farm proprietors' assets totaled $318.9 billion on January 1, 1971, while farm debt outstanding totaled $61.1 billion, leaving equities of $257.8 billion. The ratio of farm debt to value of assets was 19.2 percent, up from 18.8 percent a year earlier. Advances in the values of farm real estate made up over half of 1970's $9.3 billion gain in farm asset value; higher value of machinery and motor vehicles largely accounted for remaining growth. Farm non-real estate debt grew $2.7 billion during 1970, compared with $1.1 billion for farm real estate debt. Farmers were reluctant to take long-term real estate loans at the prevailing high interest rates. Realized net farm income dropped to $15.6 billion-down 6.5 percent from 1969.

Suggested Citation

  • Evans, Carson D. & Warren, Forest G. & Allen, Philp T. & Smith, Alan G. & Reinsel, Robert D., 1971. "The Balance Sheet of the Farming Sector, 1971," Agricultural Information Bulletins 305796, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:305796
    DOI: 10.22004/ag.econ.305796
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/305796/files/aib356.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.305796?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lanier, Eleanor B., 1974. "Economics of Agriculture: Reports and Publications Issued or Sponsored by USDA's Economic Research Service, July 1971-June 1972," Miscellaneous Publications 321804, United States Department of Agriculture, Economic Research Service.
    2. Gulley, James L., 1974. "Beliefs and Values in American Farming," Miscellaneous Publications 327167, United States Department of Agriculture, Economic Research Service.

    More about this item

    Keywords

    Financial Economics; Production Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersab:305796. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.