Understanding U.S. Farm Exits, Farm Survival, and the Role of Commodity Payments

About 717,000 farms in the U.S. went out of business, or exited, between 1992 and 1997, but the total number of farms declined by just 13,400 because the number of entries (703,700 farms) nearly equalled exits. In fact, the farm count has remained relatively stable since the 1974 Census, reflecting exits and entries essentially in balance. This book explores and studies U.S. farm exits, farm survival and the role of commodity payments.