Entry and Exit from Farming: Insights from 5 Rounds of Agricultural Census Data

@inproceedings{Hartarska2018EntryAE,
  title={Entry and Exit from Farming: Insights from 5 Rounds of Agricultural Census Data},
  author={Valentina M. Hartarska and Denis A. Nadolnyak},
  year={2018}
}
One of the major demographic trends in the US is the aging of farm operators and landlords suggesting transition of farm ownership in the form of exit and disinvestment. This coincides with economic pressures on farmers’ incomes due to recent market volatility. We model retirement age farmers’ exit/disinvestment as the outcome of intertemporal utility maximization and identify the extent to which economic and demographic factors affect these choices using the Census of Agriculture farm-level… CONTINUE READING

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