The Farm Financial Crisis
Socioeconomic Dimensions And Implications For Producers And Rural Areas
Originally published in 1988. After nearly a decade of prosperity, rural America entered the 1980s with its agricultural base facing a severe financial crisis. Land values, export markets and the general demand for agricultural commodities were declining while the levels of indebtedness reached during the 1970s were becoming increasingly difficult
Table of Contents
Preface -- Introduction -- The Context of the Crisis -- Financial Characteristics of Farms and of Farm Financial Markets and Policies in the United States -- The Structural Characteristics of U.S. Agriculture: Historical Patterns and Precursors of Producers' Adaptations to the Crisis -- Demographic, Socioeconomic and Service Characteristics of Rural Areas in the United States: The Human Resource Base for the Response to the Crisis -- The Characteristics, Impacts and Long-term Implications of the Crisis -- The Financial Characteristics of Production Units and Producers Experiencing Financial Stress -- Producer Reactions and Adaptations -- Demographic Characteristics of Rural Residents in Financial Distress and Social and Community Impacts of the Farm Crisis -- The Implications of the Current Farm Crisis for Rural America -- Policy Alternatives and Research Agenda -- Technical Appendix
Steven H Murdock is regents professor of rural sociology at Texas A&M University. F. Larry Leistritz is distinguished professor of agricultural economics at North Dakota State University.