Search Results
Showing results 1 to 4 of approximately 4.
(refine search)
Journal Article
Competition in Local Agricultural Lending Markets: The Effect of the Farm Credit System
Charles S. Morris, James Wilkinson, and Eric Hogue assess the effects of Farm Credit Association lending on measures of competition in agricultural banking markets.
Journal Article
Mapping Stress in Agricultural Lending
Repayment rates for farm loans have declined every quarter since the second quarter of 2013, suggesting heightened stress in agricultural lending. If repayment rates continue to decline?and the outlook for the agricultural sector remains downbeat?agricultural banks could become less able to lend to creditworthy farm borrowers. Thus, declining repayment rates could lead to adverse outcomes for agricultural banks, farmers, and the rural economies they serve. {{p}} Cortney Cowley uses data from the Federal Reserve Bank of Kansas City?s Ag Credit Survey to model and map areas with the highest ...
Working Paper
Examining the Relationships between Land Values and Credit Availability
Given the changes made to the agricultural lending system since the 1980s farm crisis, we investigate the current effects of credit availability on land values. Using data from Federal Reserve Agricultural Credit Surveys, we measure credit availability and perform county-level panel fixed effects estimations controlling for land value determinants, credit availability factors, and county and macroeconomic factors. We build an indicator of increased credit availability and find that estimating farmland values with different factors of credit availability separately could mask combined effects. ...
Journal Article
Not Bullish: U.S. Cattle Herds Hung Up on Higher Interest Expenses
Cattle inventories declined to historically low levels at the start of 2024. Cattle producers may facechallenges maintaining or restocking herds, as higher interest expenses on cattle and input purchases in2022–23 have constrained profit margins. Although feed costs have decreased slightly, higher costs forfinancing and other operating expenses could continue to put pressure on cattle production andprofitability.