IDEAS home Printed from https://ideas.repec.org/p/ags/uerssr/278612.html
   My bibliography  Save this paper

Profile of Participants in FmHA's Guaranteed Farm Loan Programs

Author

Listed:
  • Koenig, Steven R.
  • Sullivan, Patrick J.

Abstract

Much of the Farmers Home Administration's (FmHA) credit assistance to farmers now comes through loans made by commercial or cooperative lenders, but guaranteed against default losses by FmHA. Lenders and borrowers that participated in the guaranteed farm loan programs during fiscal 1988, along with characteristics of the loans themselves, are extensively profiled for the first time. Results indicate that loan guarantee programs generally serve large family farms that are highly indebted and are much more likely to fail than the average farm. Most loan guarantees are issued to existing customers and not to new customers, but interest rates and terms charged on these loans are consistent with rates and terms experienced by other farm borrowers. Considerable regional variation in the characteristics of program participants exists. Results have implications for the new secondary market for farm loan guarantees and in the graduation of FmHA's direct loan borrowers to guaranteed loan programs.

Suggested Citation

  • Koenig, Steven R. & Sullivan, Patrick J., 1991. "Profile of Participants in FmHA's Guaranteed Farm Loan Programs," Staff Reports 278612, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278612
    DOI: 10.22004/ag.econ.278612
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278612/files/ers-report-553.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278612?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Herr, William McDaniel, 1990. "Toward an Analysis of Farmers Home Administration’s Guaranteed Farm Loan Programs," 1990 Regional Committee NC-161, September 24-25, 1990, Kansas City, Missouri 130924, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Settlage, Latisha A. & Dixon, Bruce L. & Ahrendsen, Bruce L., 2000. "Factors Determining Fsa Guaranteed Loan Loss Claim Activity In The U.S. For 1990-1997," Staff Papers 15782, University of Arkansas, Department of Agricultural Economics and Agribusiness.
    2. Settlage, Latisha A. & Dixon, Bruce L. & Ahrendsen, Bruce L. & Koenig, Steven R., 2001. "Estimating Principal Outstanding Models For Farm Service Agency Guaranteed Loans," 2001 Annual meeting, August 5-8, Chicago, IL 20738, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Settlage, Latisha A. & Dixon, Bruce L. & Ahrendsen, Bruce L. & Koenig, Steven R., 2006. "A Detailed Look at Lender Participation in the Farm Service Agency Guaranteed Loan Program," 2006 Agricultural and Rural Finance Markets in Transition, October 2-3, 2006, Washington, DC 133089, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uerssr:278612. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.