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Farmers’ Choice of Credit among the Farm Credit System, Commercial Banks, and Nontraditional Lenders

Author

Listed:
  • Brewer, Brady E.
  • Bergtold, Jason S.
  • Featherstone, Allen M.
  • Wilson, Christine A.

Abstract

Understanding the factors that affect a farmer’s credit source is useful for lending institutions to more effectively target customers and provides insight into credit sources that would be affected sooner if a credit crisis would occur and the characteristics that are correlated with a customer using a particular lending institution. Results of this paper suggest that the customers of commercial banks would be the most at risk as they are the most leveraged. Results also show that as conditions deteriorate, farmers add more lending institutions and are also more likely to use a commercial bank or nontraditional lender.

Suggested Citation

  • Brewer, Brady E. & Bergtold, Jason S. & Featherstone, Allen M. & Wilson, Christine A., 2019. "Farmers’ Choice of Credit among the Farm Credit System, Commercial Banks, and Nontraditional Lenders," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 44(2), May.
    • Handle: RePEc:ags:jlaare:287984
    DOI: 10.22004/ag.econ.287984
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    Citations

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    Cited by:

    1. Steele C. West & Amin W. Mugera & Ross S. Kingwell, 2021. "Drivers of farm business capital structure and its speed of adjustment: evidence from Western Australia’s Wheatbelt," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(2), pages 391-412, April.
    2. Chad Fiechter & Todd Kuethe & David B. Oppedahl, 2021. "Perceived Competition in Agricultural Lending: Stylized Facts and an Agenda for Future Research," Working Paper Series WP-2021-16, Federal Reserve Bank of Chicago.
    3. Gaku, Sylvanus A. & Ifft, Jennifer & Byers, Luke, 2022. "Farm Loan Concentration and Financial Risk," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322568, Agricultural and Applied Economics Association.

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