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Adjustable -Term Financing Of Farm Loans

Author

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  • Pederson, Glenn D.
  • Duffy, Michael D.
  • Boehlje, Michael
  • Craven, Robert

Abstract

Firm-level simulation is used to analyze farm financial performance with adjustable-rate, adjustable-term, and fixed-rate financing. Adjustable-term financing is accomplished by changing the term of the loan, instead of payment size, when interest rates change. Simulation results indicate that the adjustable-term loan is an innovation which reduces the cash flow destabilizing effects of volatile interest rates.

Suggested Citation

  • Pederson, Glenn D. & Duffy, Michael D. & Boehlje, Michael & Craven, Robert, 1991. "Adjustable -Term Financing Of Farm Loans," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(02), December.
  • Handle: RePEc:ags:wjagec:32601
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    File URL: http://purl.umn.edu/32601
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    References listed on IDEAS

    as
    1. Moe, Lonn & Thompson, Jerry L., 1984. "Cash Flow Implications Of Fixed Versus Variable Interest Rate Debt Structures," Staff Papers 13470, University of Minnesota, Department of Applied Economics.
    2. Boehlje, Michael & Pederson, Glenn D., 1988. "farm Finance: The New Issues," Choices, Agricultural and Applied Economics Association, vol. 3(3).
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    Keywords

    Agricultural Finance;

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