Thesis - Open Access
Master of Science (MS)
The young person who attempts to begin farming today is confronted with a series of major problems. The trend toward larger farm units, a move to take advantage of the economies of large scale operation, affects the beginning operator in two ways. The beginning operator must compete for land with established operators who are seeking to enlarge their farm units; and for the beginner to make his operation profitable he is required to assemble a greater acreage than would have been necessary in the past. As farms increase in size, the amount of capital required to establish and operate them also increases. The beginning operator, possessing little collateral and limited farming experience, finds it difficult to obtain the necessary credit. The beginning operator who is seeking credit is handicapped in either or both of two ways by his poor bargaining position: (1) the limited total amount of credit he is able to obtain may require that he begin farming on a scale so small that his chances for success are lessened and (2) the higher interest rates and more strict terms of repayment sometimes demanded of a beginning operator may prove to be an equal handicap.
Library of Congress Subject Headings
Farms -- South Dakota
Land tenure -- South Dakota -- Spark County
Agriculture -- Vocational guidance
Number of Pages
South Dakota State University
No Copyright - Non-Commercial Use Only
Ferguson, Gordon F., "A Study of the Opportunities for Beginning Farmers to Become Established in Farming in Spink County, South Dakota" (1957). Electronic Theses and Dissertations. 2384.