Microdynamics of debt, drought, and default in south Georgia

Extract: To understand the structure effects of the drought and cost-price squeeze, in in-depth study of one Georgia county was carried out in 1982 and 1983. The results indicate that the family farm is clearly not yet moribund, and the ostensible "disappearing middle" is doing remarkably...

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Bibliographic Details
Published in:American journal of agricultural economics 1984-12, Vol.66 (5), p.836-843
Main Author: Barlett, P.F
Format: Article
Language:English
Subjects:
Agricultural land
Crops
Debt
Drought
Family farms
Farm commodities
Farm economics
Farms
Full time farmers
Retirement
The Microdynamics of Structural Change in Agriculture: Views of Economics, Anthropology, and Sociology
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Summary:Extract: To understand the structure effects of the drought and cost-price squeeze, in in-depth study of one Georgia county was carried out in 1982 and 1983. The results indicate that the family farm is clearly not yet moribund, and the ostensible "disappearing middle" is doing remarkably well. Patterns of debt and default show that highly sophisticated large commercial farmers and younger renter farmers face the most serious financial problems. Strategies for survival during this period also reflect the importance of accurate categorization of farm types
ISSN:0002-9092
1467-8276
DOI:10.2307/1241009