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Facilitating Beginning Farmers Purchase of Farmland

Author

Listed:
  • Dodson, Charles
  • Koenig, Steven

Abstract

The Farm Service Agency’s (FSA) Farm Business Plan was used to compare the characteristics of beginning farmers receiving direct Farm Ownership (FO) loans in fiscal 2005 by the type of delivery mechanism. Regular FO loans were commonly used by small and intermediate size family farming operations while FO loans made in participation with commercial lenders were used by larger commercial-sized family farming operations. Startup beginning farmers in the Corn Belt were more likely to utilize FO downpayment loans. Regardless of the delivery mechanism, nearly all beginning farmers receiving direct FO loans had credit shortcomings that could inhibit them from commercial credit.

Suggested Citation

  • Dodson, Charles & Koenig, Steven, 2007. "Facilitating Beginning Farmers Purchase of Farmland," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2007, pages 1-13.
    • Handle: RePEc:ags:jasfmr:190682
    DOI: 10.22004/ag.econ.190682
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    References listed on IDEAS

    as
    1. Nwoha, Ogbonnaya John & Ahrendsen, Bruce L. & Dixon, Bruce L. & Chavez, Eddie C. & Hamm, Sandra J. & Settlage, Daniel M. & Danforth, Diana M., 2005. "Farm Service Agency Direct Farm Loan Program Effectiveness Study," Research Reports 15772, University of Arkansas, Arkansas Agricultural Experiment Station.
    2. Dodson, Charles B., 1996. "Is More Credit the Best Way to Assist Beginning Low-Equity Farmers?," Agricultural Information Bulletins 33602, United States Department of Agriculture, Economic Research Service.
    3. Dodson, Charles B., 2004. "Farmland Ownership Transitions," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2004, pages 1-8.
    4. Herr, William McD., 1970. "Characteristics of New Borrowers Obtaining Farm Ownership Loans from the Farmers Home Administration, Fiscal 1966," Agricultural Economic Reports 307405, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

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