provided by Research Papers in Economics
LOCAL PROGRAMS AND ACTIVITIES TO HELP
FARM PEOPLE ADJUST
Norbert A. Dorow
North Dakota State University
and
Mark A. Edelman
Iowa State University
Many farm families are experiencing severe financial stress under
conditions of low commodity prices, high debt loads and high real
interest rates. Along with financial stress, many farm families expe-
rience emotional stress as they face possibilities of farm foreclosure,
changing occupations and moving to a new location. If they are able
to stay on the farm, they may face low family income and be unable
to achieve their family goals unless they seek off-farm work.
The workshop discussion centered on four major questions. (1)
What types of adjustments are farm families having to make? (2)
What kinds of help are needed? (3) What local resources might be
available to provide support? (4) How might extension efforts be initi-
ated?
Types of Adjustments. Farm families under financial stress are
faced with several types of possible adjustments including financial,
social and emotional, and occupational and locational. Financial ad-
justments might include asset-debt restructuring, ownership of re-
sources, family living income and the legal aspects of these
adjustments. Social and emotional adjustments might include status
in the community, personal relationships, self-image and mental
stress. Occupational and location adjustments might include leaving
the farm for a new occupation in a new location or shifting to part-
time or full-time work off the farm but staying in the same location.
Most farm families need assistance or support in making these ad-
justments.
Kinds of Help Needed. The extension service in many states is help-
ing farm families with financial analysis. There is a need for more
awareness of the help available and the importance of making early
financial and legal adjustments before options are closed.
There is opportunity for expanded local programs to provide emo-
tional support for families under stress. These families need to real-
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