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Farm Operating And Financial Characteristics, January 1985

Author

Listed:
  • Morehart, Mitchell J.
  • Prescott, Richard

Abstract

The average U.S. farm at the beginning of 1985 was owned by an individual who operated 728 acres, had total 1984 expenses of about $83,000, had assets of $323,000, had $7,000 in capital investments in 1984, had a gross income of $70,800, and had debts equal to 22 percent of total assets. These data come from the 1984 Farm Costs and Returns Survey (FCRS), conducted in January 1985. Using the FCRS data, the authors cross-tabulated farm production expenses; farm numbers and acreage; value of land, farm stocks, and inventories; sales and purchases of farm land; capital investment; and financial indicators by sales class, region, farm type, organizational structure, occupational specialty, and acres operated.

Suggested Citation

  • Morehart, Mitchell J. & Prescott, Richard, 1986. "Farm Operating And Financial Characteristics, January 1985," Staff Reports 277891, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277891
    DOI: 10.22004/ag.econ.277891
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    File URL: https://ageconsearch.umn.edu/record/277891/files/ers-report-246.pdf
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    Citations

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    Cited by:

    1. Rossi, Clifford V., 1988. "Estimating The Effects Of Tax Reform On Farm Sole Proprietorships," Staff Reports 278124, United States Department of Agriculture, Economic Research Service.
    2. Olson, Kent D. & Tvedt, Douglas D., 1987. "On Comparing Farm Management Associations And The Farm Population," Staff Papers 13456, University of Minnesota, Department of Applied Economics.
    3. Morehart, Mitchell J., 1990. "Farm Operating and Financial Characteristics, 1987," Staff Reports 278326, United States Department of Agriculture, Economic Research Service.
    4. Morehart, Mitchell J., 1988. "Farm Operating and Financial Characteristics, 1985," Statistical Bulletin 154649, United States Department of Agriculture, Economic Research Service.
    5. Nielsen, Elizabeth G. & Morehart, Mitchell J., 1989. "Farm Operating and Financial Characteristics, 1986," Statistical Bulletin 154669, United States Department of Agriculture, Economic Research Service.
    6. Libbin, James D. & Torell, L. Allen, 1990. "A Comparison Of State And Usda Cost And Return Estimates," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(2), pages 1-11, December.

    More about this item

    Keywords

    Agricultural Finance; Farm Management;

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