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NALDC Record Details:

Understanding U.S. farm exits

Permanent URL:
http://handle.nal.usda.gov/10113/18049
File:
Download [PDF File]
Abstract:
The rate at which U.S. farms go out of business, or exit farming, is about 9 or 10 percent per year, comparable to exit rates for nonfarm small businesses in the United States. U.S. farms have not disappeared because the rate of entry into farming is nearly as high as the exit rate. The relatively stable farm count since the 1970s reflects exits and entries essentially in balance. The probability of exit is higher for recent entrants than for older, more established farms. Farms operated by Blacks are more likely to exit than those operated by Whites, but the gap between Black and White exit probabilities has declined substantially since the 1980s. Exit probabilities differ by specialization, with beef farms less likely to exit than cash grain or hog farms.
Author(s):
Hoppe, Robert A. , Korb, Penni. , United States Dept. of Agriculture. Economic Research Service.
Subject(s):
Farms , Economic aspects , United States , Farmers , Economic conditions , farms , economic analysis , farmers
Format:
iv, 36 p. : ill. ; 28 cm.
Note:
"June 2006."
Language:
English
Publisher:
United States Dept. of Agriculture, Economic Research Service
Year:
2006
Rights:
Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.