According to Sam Inglis, the "country" in the title is never made explicit, and while certainly not a country like Belgium and it seems like it could be in the United States south like contemporary Young songs "Southern Man" and "Alabama," the lyrics are not explicitly political like those songs. Rather than addressing issues like racism, the lyrics of "Are You Ready for the Country" are more about generalized dread. Lyrics like "I was talkin' to the preacher, said, 'God was on my side'/Then I ran into the hangman, he said, 'It's time to die'" imply that there is more to the story, and perhaps a more interesting backstory, than what is explicitly stated, and hint at an organized religion theme. The title may be Young asking his audience if they are willing to follow him into country music, although Inglis states that the arrangement is more blues than country.
Allmusic critic Matthew Greenwald states that the arrangement provides a sense of whimsy, highlighting Young's "funky" piano and Nitzsche's "lazy" slide guitar. Ken Bielen describes the melody as "punchy" and says it works well with the song's "sing-a-long vocal character." Bielen also comments on the "rustic" quality added by Nitzsche's slide guitar.