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Getting Started in Farming 1910, 1930, 1950 and 1978: Is It More Difficult?

Published online by Cambridge University Press:  10 May 2017

James M. Lowenberg-DeBoer  and
B. F. Stanton
James M. Lowenberg-DeBoer
Affiliation:
Iowa State University, Ames, Iowa
B. F. Stanton
Affiliation:
Department of Agricultural Economics, Cornell University, Ithaca, New York
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Abstract

This study examined the null hypothesis that getting started in farming in the 1970's was not more difficult than it was in earlier periods in the twentieth century. Comparative budgets were constructed using farm survey and farm account data for three different regions at four different time periods. In terms of years of farm wages required to earn beginning equity and cash flow to meet debt payments and family living costs, the null hypothesis was accepted. In general 1978–80 was more like 1910–12 than the more difficult times of 1930–32 and 1950–52.

Type
Articles
Information
Journal of the Northeastern Agricultural Economics Council , Volume 12 , Issue 1 , Spring 1983 , pp. 1 - 6
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

This paper is based on the research presented by Lowenberg-DeBoer in his M.S. thesis at Cornell University, “Getting Started in Farming: 1910, 1930, 1950 and 1978,” May, 1982. Details of methodology and the procedures used in developing budgets for this study are documented in the thesis.

References

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