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Why Do Farmers Fail? Farm Bankruptcies 1910–78
Author(s) -
Shepard Lawrence E.,
Collins Robert A.
Publication year - 1982
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1240569
Subject(s) - bankruptcy , payment , agriculture , economics , business , agricultural economics , finance , geography , archaeology
Econometric analysis of aggregate time‐series farm‐sector data suggests that prior to World War II the farm bankruptcy rate appears to be associated with financial risk variables, while postwar data show a strong association with business risk variables. There does not appear to be any evidence that agricultural support payments since World War II have induced, deferred, or reduced farm failures.