Farm succession by the “next generation” is a key factor in the determination of industry structure and the total number of farmers and has profound implications for farm families which rely heavily on intergenerational succession. Our results indicate that, in addition to farm, operator,...

This study uses a financial approach based on the DuPont expansion to examine the significance of specialization and vertical integration on domestic agriculture. The traditional DuPont Expansion decomposes the rate of return to equity into asset efficiency, gross margins, and solvency. We...

This study examines the determinants of income diversification of farm households in the United States. Farm households allocate their time between farm and off-farm activities to help stabilized household income (consumption). What characterizes those households who engage in off-farm...

The objectives of this paper are to examine the debt maturity structure of farm businesses and to investigate the determinants of the farm businesses’ choice of the maturity structure. Based on 2008 ARMS data, our findings indicate that size, asset maturity, financial risk, region, and type of...

This paper uses a double hurdle model to help explain one aspect of the changing capital structure of U.S. production agriculture--the increase in the number of debt free farms. Our findings suggest that nonfinancial factors, such as operator age, region, risk aversion, and financial factors...

The farm household structure is a complex set of inter-relationships between and among a variety of internal and external factors involving consumption, investment, and income-earning activities. In this paper we use ARMS data to explore the contribution of off-farm income to the viability of...

The Internet is a strategic technology because it has found application across virtually all sectors of the economy. The Internet has become an everyday part of rural life and is an important new technology in U.S. agriculture. This study uses information collected through the 2004 Agricultural...

More than 50 percent of current farmers are over age 55, and the number of new farmers replacing them has fallen. This paper examines factors that contribute to the financial performance of new and beginning farmers in the U.S. A weighted regression analysis was used on data from the 2005...

This study has used an empirical approach developed by Urga and Walters (2003) to examine the implications of the short-run specification of the standard translog cost specification along with the possible implications of non-stationarity. We have estimated a dynamic translog cost specification...