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Effects of Tenure, Leverage, and Farm Commodity Program Participation on Farm Firm Survival and Growth in South Dakota

Grant Allen Washnok


The purpose of this study is to show through simulation the conditions of survivability and financial growth for farm firms in South Dakota. The study attempts to show what effect the relationship of owning versus leasing land has on survivability and financial growth. This study also looks at the effects of different debt levels on the farm firm’s survivability and financial growth. The effect of Federal farm commodity programs on different farm ownership and debt scenario is also examined. Some key questions that this study attempts to answer are: 1. What effect does different levels of financial leverage and land ownership/rental have on farm firm survival and financial growth in South Dakota in the projected macroeconomic policy environment of the 1990’s? 2. How do Federal farm commodity programs affect the financial growth and survival of representative farm firms in South Dakota? 3. What strategies can be used to increase survivability and financial growth of farm firms in South Dakota?