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Farmland Assets and Growth Trends for Young and Beginning Farmers in the U.S

Author

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  • Katchova, Ani
  • Ahearn, Mary
Abstract
This study considers the issue of the transition and growth 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 farmer categories. We also use a linked-farms longitudinal approach instead of a repeated cross-sectional approach to show trends over time in farmland expansion and contraction. Differences in farm size are more pronounced based on farmer experience than farmer age, as farms operated by older beginning farmers tend to be smaller and do not tend to grow over time. We find that it is mostly young farmers as opposed to all beginning farmers that rapidly expand their farm operations after entering agriculture. Our findings inform policy makers about the strategies that young and beginning farmers use to start their businesses and expand over time and suggest more effective approaches for targeting loan programs to young and beginning farmers.

Suggested Citation

  • Katchova, Ani & Ahearn, Mary, 2015. "Farmland Assets and Growth Trends for Young and Beginning Farmers in the U.S," 2015 Conference, August 9-14, 2015, Milan, Italy 211839, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae15:211839
    DOI: 10.22004/ag.econ.211839
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    File URL: https://ageconsearch.umn.edu/record/211839/files/Katchova-Farmland%20Assets%20and%20Growth%20Trends%20for%20Young%20and%20Beginning%20Farmers-591.pdf
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    References listed on IDEAS

    as
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    2. Jaclyn D. Kropp & Ani L. Katchova, 2011. "The effects of direct payments on liquidity and repayment capacity of beginning farmers," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 71(3), pages 347-365, November.
    3. Briggeman, Brian C., 2011. "The Role Of Debt In Farmland Ownership," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 26(2), pages 1-7.
    4. Sureshwaran, Suresh & Ritchie, Stephanie, 2011. "U.S. Farm Bill Resources And Programs For Beginning Farmers," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 26(2), pages 1-7.
    5. Katchova, Ani L., 2010. "An Analysis of the Financial Performance of Beginning Farmers," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61513, Agricultural and Applied Economics Association.
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    8. Williamson, James M. & Katchova, Ani L., 2013. "Tax-Exempt Bond Financing for Beginning and Low-Equity Farmers: The Case of 'Aggie Bonds'," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45, pages 1-12, August.
    9. Ahearn, Mary Clare, 2011. "Potential Challenges For Beginning Farmers And Ranchers," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 26(2), pages 1-6.
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    Cited by:

    1. Karahan, Mizgin & Abay, Canan & Ito, Ryoji, 2023. "Determining Factors of Retaining Young Farmers in Agriculture: A Case study in Turkey and Japan," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 15(2), June.

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    Keywords

    Farm Management; Land Economics/Use;

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