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Abstract

Specialized corn farms—those with at least 50 percent of their production from cornand with at least $40,000 in total production—fared relatively well among specialized crop farms in 1985. Only specialized tobacco and nursery farms had better returns on their gross revenues, and only specialized nursery farms were more likely to have positive returns on their gross revenues. Corn production is heavily concentrated in 12 States where corn specialty farms produce about 85 percent of all U.S. corn sold off the farm. Specialized corn farms in the aptly named Corn Belt were the most prosperous. Those in the Lake States were less prosperous than the Corn Belt and Northern Plains farms, but they had the highest asset and equity levels of the three regions.

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