Farms in our sample had an average of $1.4 million in assets and $0.6 million in debts. The average debt-to asset ratio was close to 0.5. This ratio is much higher than the 0.16 debt-to-asset ratio reported by the United States Department of Agriculture for all American agriculture in 2003. When viewing assets and debts as …
Continue reading “Crop codes were developed using three levels of classification”