Document Type

Thesis - Open Access

Award Date

1957

Degree Name

Master of Science (MS)

Department

Economics

Abstract

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

Format

application/pdf

Number of Pages

74

Publisher

South Dakota State University

Rights

No Copyright - Non-Commercial Use Only
http://rightsstatements.org/vocab/NoC-NC/1.0/

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