. Economic situation facing agriculture and rural America (Secretary Mike Espy) : hearing before the Committee on Agriculture, House of Representatives, One Hundred Third Congress, first session, February 3, 1993. Agriculture -- Economic aspects United States; Farms, Size of -- United States; United States -- Rural conditions. 113 Figure 3 Fens balance eheet show* alight tayovâant In noailnal tanas but alight decline In raal tera». 1980 1969 1990 1991 1992f ⢠I 11 ion current dollar* 846 140 707 â¢illion 1987 dollars 1/ 7
. Economic situation facing agriculture and rural America (Secretary Mike Espy) : hearing before the Committee on Agriculture, House of Representatives, One Hundred Third Congress, first session, February 3, 1993. Agriculture -- Economic aspects United States; Farms, Size of -- United States; United States -- Rural conditions. 113 Figure 3 Fens balance eheet show* alight tayovâant In noailnal tanas but alight decline In raal tera». 1980 1969 1990 1991 1992f ⢠I 11 ion current dollar* 846 140 707 â¢illion 1987 dollars 1/ 705 116 588 1993F Assets Debt Equity Assets Debt Equity 845 to 855 138 to 144 705 to 715 685 to 695 111 to 117 570 to 580 F â forecast. Excludes operator households. 1/ Deflated by the GDP iapllclt price deflator. 1987-100. Percent Farm operators exhausted their credit capacity in the 70's; they can repay additional debt now 50 40 30 20 10 .Maximum debt-to-as*et ratio Unuaad credit capacity Actual debt-to-asset ratio -iâiâi i i i i i i_ i iâi i i i i i â â â 1970 1975 1960 1965 1990 While total debt is relatively stable, the distribution among farm lenders will continue to shift; bank lending could increase $2 billion in '93 S billion 70 Commercial banks. i i i i i i i i ) i J 1 I L 1970 1975 1960 1965 1990 Agricultural Income and Finance/December 1992 -7-. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original United States. Congress. House. Committee on Agriculture. Washington : U. S. G. P. O. : For sale by the U. S. G. P. O. , Supt. of Docs. , Congressional Sales Office
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