Table 2 Summary statistics by type of...

Table 2

Summary statistics by type of operator

	Male	Female	Non-white	White	Experienced	Beginning
Overall Debt Use (1/0)	0.30	0.19	0.24	0.29	0.28	0.31
Short-Term Debt Use (1/0)	0.28	0.17	0.21	0.27	0.26	0.28
Debt to Asset Ratio	0.08	0.06	0.07	0.08	0.07	0.12
Short-Term Debt Amount (1,000 $)	94.00	31.47	67.30	85.88	88.39	70.19
Short-Term Interest Rate (%)	0.41	0.17	0.33	0.38	0.38	0.37
Overall Interest Rate (%)	1.29	0.86	1.04	1.24	1.21	1.33
Covid government payments (1,000 $)	6.07	3.15	3.76	5.73	6.03	3.93
Producer payments (1,000 $)	3.16	1.22	1.18	2.96	3.16	1.64
Farm Assets Sold ($)	8.19	1.04	10.10	7.07	8.32	1.81
Farm Investment (1,000 $)	28.28	10.54	19.52	26.02	26.63	21.79
Labor Cost (1,000 $)	28.10	14.68	28.51	26.12	27.80	18.74
Gross Farm Income (1,000 $)	201.12	62.44	106.27	184.46	195.69	115.22
Total Off-Farm Income (1,000 $)	102.51	101.85	86.30	103.03	97.82	124.07
Return On Assets (%)	−0.07	−0.17	−0.14	−0.08	−0.07	−0.14
Acreage	434.31	210.89	230.77	409.41	437.33	240.54
Contracts Use	0.05	0.03	0.05	0.05	0.05	0.05
Diversification	0.11	0.09	0.08	0.11	0.11	0.09
Land Tenure	1.19	1.30	0.91	1.21	1.18	1.33
Age	62.15	62.21	60.84	62.21	64.28	52.15
Assets (million $)	1.59	0.99	1.10	1.52	1.62	0.99
Experience	28.41	22.91	25.78	27.71	32.21	6.09
Male (1/0)	1.00	0.00	0.78	0.86	0.88	0.77
White (1/0)	0.97	0.94	0.00	1.00	0.96	0.97
Crop Insurance Use (1/0)	0.16	0.04	0.06	0.15	0.16	0.10
Education	2.90	3.09	2.70	2.94	2.89	3.10
Individual Farm (1/0)	0.88	0.84	0.93	0.88	0.88	0.89
Land Sold (1/0)	0.01	0.01	0.01	0.01	0.01	0.00
Crop Farm (1/0)	0.37	0.21	0.20	0.36	0.36	0.29
Number of Observations	19,615	1,678	588	20,705	18,896	2,397
Number of Represented Farms	2,848,565	466,762	121,796	3,193,530	2,734,508	580,818

	Male	Female	Non-white	White	Experienced	Beginning
Overall Debt Use (1/0)	0.30	0.19	0.24	0.29	0.28	0.31
Short-Term Debt Use (1/0)	0.28	0.17	0.21	0.27	0.26	0.28
Debt to Asset Ratio	0.08	0.06	0.07	0.08	0.07	0.12
Short-Term Debt Amount (1,000 $)	94.00	31.47	67.30	85.88	88.39	70.19
Short-Term Interest Rate (%)	0.41	0.17	0.33	0.38	0.38	0.37
Overall Interest Rate (%)	1.29	0.86	1.04	1.24	1.21	1.33
Covid government payments (1,000 $)	6.07	3.15	3.76	5.73	6.03	3.93
Producer payments (1,000 $)	3.16	1.22	1.18	2.96	3.16	1.64
Farm Assets Sold ($)	8.19	1.04	10.10	7.07	8.32	1.81
Farm Investment (1,000 $)	28.28	10.54	19.52	26.02	26.63	21.79
Labor Cost (1,000 $)	28.10	14.68	28.51	26.12	27.80	18.74
Gross Farm Income (1,000 $)	201.12	62.44	106.27	184.46	195.69	115.22
Total Off-Farm Income (1,000 $)	102.51	101.85	86.30	103.03	97.82	124.07
Return On Assets (%)	−0.07	−0.17	−0.14	−0.08	−0.07	−0.14
Acreage	434.31	210.89	230.77	409.41	437.33	240.54
Contracts Use	0.05	0.03	0.05	0.05	0.05	0.05
Diversification	0.11	0.09	0.08	0.11	0.11	0.09
Land Tenure	1.19	1.30	0.91	1.21	1.18	1.33
Age	62.15	62.21	60.84	62.21	64.28	52.15
Assets (million $)	1.59	0.99	1.10	1.52	1.62	0.99
Experience	28.41	22.91	25.78	27.71	32.21	6.09
Male (1/0)	1.00	0.00	0.78	0.86	0.88	0.77
White (1/0)	0.97	0.94	0.00	1.00	0.96	0.97
Crop Insurance Use (1/0)	0.16	0.04	0.06	0.15	0.16	0.10
Education	2.90	3.09	2.70	2.94	2.89	3.10
Individual Farm (1/0)	0.88	0.84	0.93	0.88	0.88	0.89
Land Sold (1/0)	0.01	0.01	0.01	0.01	0.01	0.00
Crop Farm (1/0)	0.37	0.21	0.20	0.36	0.36	0.29
Number of Observations	19,615	1,678	588	20,705	18,896	2,397
Number of Represented Farms	2,848,565	466,762	121,796	3,193,530	2,734,508	580,818

Note(s): The table presents the summary statistics for the sample divided by gender, race, and experience

Source(s): Authors own work

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