IDEAS home Printed from https://ideas.repec.org/p/ags/uerssr/278326.html
   My bibliography  Save this paper

Farm Operating and Financial Characteristics, 1987

Author

Listed:
  • Morehart, Mitchell J.

Abstract

One-third of the farms and ranches with gross sales of at least $40,000 accounted for 75 percent of total land operated. An estimated 218.7 million acres were planted by farm operators. Corn, soybeans, and wheat together accounted for over 70 percent of total acreage planted. The Lake States and Northern Plains were the only regions where farm operators spent, on average, over 40 hours per week working on the farm. Farm operators age 45 to 64 accounted for 45 percent of U.S. capital investments and half of all expenditures for maintenance and repair of existing capital. Average operating expenses of farms with more than 2,000 acres were 10 times greater than for farms operating 100 acres or less. Cotton, poultry, and dairy were the only production specialties with less than 90 percent of farms reporting nonfarm income. Athough full-time farm operators represented 60 percent of all farms, they accounted for over 70 percent of total assets, debt, and equity. The data come from the 1987 Farm Costs and Returns Survey.

Suggested Citation

  • Morehart, Mitchell J., 1990. "Farm Operating and Financial Characteristics, 1987," Staff Reports 278326, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278326
    DOI: 10.22004/ag.econ.278326
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278326/files/ers-report-461.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278326?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
    ---><---

    References listed on IDEAS

    as
    1. Morehart, Mitchell J. & Prescott, Richard, 1986. "Farm Operating And Financial Characteristics, January 1985," Staff Reports 277891, United States Department of Agriculture, Economic Research Service.
    2. Johnson, James D., 1987. "Measurement of Farm Financial Performance: Empirical Issues and Current Status," Research Bulletins 183668, Cornell University, Department of Applied Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Bentley, Susan E. & Kalbacher, Judith Z. & Banker, David E. & Reimund, Donn A. & Morehart, Mitchell J., 1992. "Characteristics of Farms with Sales of $40,000 or More, 1987-89," Staff Reports 278640, United States Department of Agriculture, Economic Research Service.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nielsen, Elizabeth G. & Morehart, Mitchell J., 1989. "Farm Operating and Financial Characteristics, 1986," Statistical Bulletin 154669, 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. Erickson, Kenneth & Kubica, Janusz & Hacklander, Duane & Barnard, Charles H. & Ryan, James & Devlin, Helen & Chance, Sean, 1993. "U.S. and State Farm Sector Financial Ratios, 1960-91," Statistical Bulletin 154800, United States Department of Agriculture, Economic Research Service.
    4. 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.
    5. 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.
    6. Morehart, Mitchell J., 1988. "Farm Operating and Financial Characteristics, 1985," Statistical Bulletin 154649, United States Department of Agriculture, Economic Research Service.

    More about this item

    Keywords

    Agricultural Finance; Farm Management;

    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:uerssr:278326. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.