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Full-Text Articles in Natural Resource Economics
Investing In An Agricultural Legacy, Leo Paul Goeringer
Investing In An Agricultural Legacy, Leo Paul Goeringer
Graduate Theses and Dissertations
America's agricultural producers continue to age. According to the U.S. Census of Agriculture, the average age of farm operators increased from 55.3 in 2002 to 57.1 in 2007. During the same period, the Census shows a thirty percent decrease in the number of farmers under age 25. Young and beginning producers (YBPs) entering agriculture face high startup costs and a shortage of land to own or rent.
With these concerns in mind, this manuscript details the impact of an innovative proposed loan program for YBPs in Arkansas, which would offer concessionary interest rates and loan fees by participating banks for …