Beginning farmers and ranchers have some unique characteristics, including more education and more off-farm jobs, compared with established farmers and ranchers.

This study considers the issue of the transition of new farmers into U.S. agriculture, by examining land ownership and leasing trends. Our approach is to characterize the entire distribution by farmer age and farmer experience rather than using young versus old and beginning versus established...

This presentation will present data on the farm and off-farm income, assets, net worth, and poverty status of farm households in 2007 to 2009. Indicators of income and poverty for farm households will be compared to similar indicators for the rural population in general and to similar sub-groups...

This paper introduces two continuous time models, i.e. time homogenous and non-homogenous Markov chain models, for analyzing farm credit migration as alternatives to the traditional discrete time model cohort method. Results illustrate that the two continuous time models provide more detailed,...

Loan records and lender credit risk classifications are used to examine agricultural credit risk migration. The results include estimates of the likelihood of borrowers transitioning among five credit risk tiers. The paper also examines factors that influence or predict credit risk migration and...

This research focuses on developing a biannual net revenue forecasting model for hog producers based on Monte Carlo simulation of the joint distribution of hog, corn and soybean meal price series. The relative forecasting power of historical volatility, implied volatility and GARCH-based...

This study divides the U.S. economy into the agricultural and industrial sectors and compares the degree of the involvement of exchange rates in each sector without specifying the rigid assumption of either exogeneity or endogeneity of exchange rates. Both short- and long-run impacts of shocks...

A financial training program designed by Cooperative Extension specialists was provided to over 2,000 USDA/FSA borrowers from the Northeast during the period 1994-1999. Key to the success of the workshops was an in-depth, user-friendly curriculum that evolved over time, eventually replacing...

The recent drop in gross income from lower commodity prices has not lowered cash rental rates. Farmers may continue paying current cash rents because of machinery considerations and because of their expectations about future prices. Kentucky farm-level data is used to examine net income under...