k 



Table 2 



Average Value per Acre of Farm Real Estate in Montana, 

 1977-1987. 



Year 



1977 

 1978 

 1979 

 1980 

 1981 

 1982 

 1983 

 1984 

 1985 

 1986 

 1987 



Source: U.S. Department of Agriculture, Agricultural 

 Resources , Outlook and Situation Report (Washington, 

 D.C.: April 1987); Montana Agricultural Statistics 

 Service, Montana Agricultural Statistics; 1983-1984 , 

 Vol. XXII (September 1985). 



Farm Debt-to-Asset Ratio 



Twenty-nine percent of Montana farmers in a 

 financial survey had debt-to-asset ratios over 40%, 

 generally indicating serious financial stress. Nearly 

 8% in the same survey reported a debt-to-asset ratio of 

 over 70%, which indicates extreme financial stress. 

 Results of the survey are summarized in Table 3. 



