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North Dakota Farmers' Views of Financial Assistance Policies

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dc.contributor.author Vreugdenhil, Harvey G.
dc.contributor.author Ekstrom, Brenda L.
dc.contributor.author Leholm, Arlen
dc.contributor.author Leistritz, F. Larry
dc.rights North Dakota State University en_US
dc.title North Dakota Farmers' Views of Financial Assistance Policies en_US
dc.type Article en_US
dc.source ND Farm Research: Vol. 44, No. 1, p. 31-36 en_US
dc.description Agriculture policy typically centred upon price price support and supply control features of commodity programs. In 1986, falling commodity prices, excessive debt loads high interest rates and the decline in land values merged to refocus attention on another type of agricultural policy-assisting financially stressed agricultural producers. The agricultural crisis by 1986 was deemed the worst since the 1930's. A re-evaluation of traditional commodity programs that became too antiquated to address the changing dynamics of the agricultural economic terrain. A new emphasis was being given those farmers facing unmanageable debt. Various programs to assist these debt stressed agricultural producers were proposed at state and at the national levels. The FHA began to offer deferrals of principal payments and interest rate subsidies for those qualifying borrowers. This article examines the attitudes of North Dakota farm and ranch operators regarding the various forms of financial assistance which was being proposed by state and/or the federal government. The discussion the extent to which various personal, farm and financial characteristics affect operators' attitudes toward financial assistance programs.The information used in this study were gathered via interviews conducted in 1986. From these telephone surveys, more than 50% of those operators with debt-to-asset ratio of greater than 70% or those with delinquent loan payments favoured assistance. Land debt restructuring and retraining were the two most desired forms of government assistance. Those operators most in debt supported government assistance the most.
dc.date.accessioned 2010-03-17T20:30:40Z
dc.date.available 2010-03-17T20:30:40Z
dc.date.issued 2010-03-17
dc.identifier.uri http://hdl.handle.net/10365/8093
dc.date 1986 en_US
dc.subject Laws and regulations en_US
dc.subject Finance en_US

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