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Agricultural finance: Credit, credit constraints, and consequences

In: Handbook of Agricultural Economics

Author

Listed:
  • Barry, Peter J.
  • Robison, Lindon J.

Abstract

The theory and methods used to analyze the market, management, and policy elements of agricultural finance draw substantially on modern finance concepts, but with significant tailoring to the unique characteristics of agricultural sectors throughout the world. Both developed and developing economies are considered in this chapter. Discussed in detail are lender-borrower relationships, financial growth and intertemporal analysis, portfolio theory and financial risk, investment analysis, the financial structure of agriculture, and private and public sector suppliers of financial capital. Other key issues involve the linkages between investment and finance, and the extent of credit rationing in agriculture.

Suggested Citation

  • Barry, Peter J. & Robison, Lindon J., 2001. "Agricultural finance: Credit, credit constraints, and consequences," Handbook of Agricultural Economics,in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 10, pages 513-571 Elsevier.
  • Handle: RePEc:eee:hagchp:1-10
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    Citations

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    Cited by:

    1. Jan Fałkowski & Maciej Jakubowski & Paweł Strawiński, 2014. "Returns from income strategies in rural Poland," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 22(1), pages 139-178, January.
    2. Dries, Liesbeth & Swinnen, Johan F.M., 2010. "The impact of interfirm relationships on investment: Evidence from the Polish dairy sector," Food Policy, Elsevier, vol. 35(2), pages 121-129, April.
    3. Stéphane Blancard & Jean-Philippe Boussemart & Walter Briec & Kristiaan Kerstens, 2006. "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(2), pages 351-364.
    4. Stéphane Blancard & Jean-Philippe Boussemart & Walter Briec & Kristiaan Kerstens, 2007. "Technology Adoption in French Agriculture and the Role of Financial Constraints," INRA UMR CESAER Working Papers 2007/1, INRA UMR CESAER, Centre d'’Economie et Sociologie appliquées à l'’Agriculture et aux Espaces Ruraux.
    5. Sabasi, Darlington & Kompaniyets, Lyudmyla, 2015. "Impact of credit constraints on profitability and productivity in U.S. agriculture," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205689, Agricultural and Applied Economics Association;Western Agricultural Economics Association.
    6. Dries, Liesbeth & Ciaian, Pavel & Kancs, d’Artis, 2012. "Job creation and job destruction in EU agriculture," Food Policy, Elsevier, vol. 37(6), pages 600-608.
    7. Ani L. Katchova, 2005. "The Farm Diversification Discount," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(4), pages 984-994.
    8. Pavel Ciaian & Jan Fałkowski & D’Artis Kancs, 2012. "Productivity and credit constraints: A firm-level propensity score evidence for agricultural farms in central and east European countries," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 62(4), pages 459-487, December.
    9. Pavel Ciaian & Jan Falkowski & d'Artis Kancs, 2012. "Access to credit, factor allocation and farm productivity: Evidence from the CEE transition economies," Agricultural Finance Review, Emerald Group Publishing, vol. 72(1), pages 22-47, May.
    10. Ciaian, Pavel & Fa?kowski, Jan & d’Artis, Kanc & Pokrivcak, Jan, 2011. "Productivity and Credit Constraints: Firm-Level Evidence from Propensity Score Matching," Factor Markets Working Papers 99, Centre for European Policy Studies.
    11. Lescot, Jean-Marie & Rousset, Sylvain & Souville, Genevieve, 2011. "Assessing Investment in Precision Farming for Reducing Pesticide Use in French Viticulture," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114387, European Association of Agricultural Economists.
    12. Omonona, Bolarin T. & Lawal, Justina Oluwayemisi & Oyinlana, A.O., 2010. "Determinants of Credit Constraint Conditions and Production Efficiency Among Farming Households in Southwestern Nigeria," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95775, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Africa (AEASA).
    13. Pavel Ciaian & d'Artis Kancs & Jo Swinnen, 2008. "Static and Dynamic Distributional Effects of Decoupled Payments," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 51(2), pages 20-47.
    14. Curtiss, Jarmila, 2012. "Determinants of Financial Capital Use: Review of theories and implications for rural businesses," Factor Markets Working Papers 123, Centre for European Policy Studies.
    15. Petrick, Martin & Kloss, Mathias, 2012. "Drivers of agricultural capital productivity in selected EU member states," Working Papers 132838, Factor Markets, Centre for European Policy Studies.
    16. Reyes, Alvaro & Lensink, Robert & Kuyvenhoven, Arie & Moll, Henk, 2012. "Dynamics of Investment for Market-Oriented Farmers in Chile," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126218, International Association of Agricultural Economists.
    17. Cadot, Julien, 2011. "Collaterals, Bank Monitoring and Performance: the Case of Newly Established Wine Farmers," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103414, Agricultural and Applied Economics Association.
    18. Debashis Sarker, 2015. "Inclusion of disabled people in microfinance institutions: Where does Bangladesh stand?," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 1(1), pages 67-79, April.
    19. Petrick, Martin & Latruffe, Laure, 2005. "The Determinants of Polish Farmers' Credit Interest Rates: Hedonic Price Analysis and Implications for Government Policy," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24757, European Association of Agricultural Economists.
    20. Kandilov, Amy M.G. & Kandilov, Ivan T., 2013. "The Impact of Interstate Bank Branching Deregulations on the U.S. Agricultural Sector: From Better Access to Credit to Higher Farm Sales and Profits," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149820, Agricultural and Applied Economics Association.
    21. Mondelli, Mario P., 2012. "The determinants of external private equity financing in agricultural production businesses," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 127135, International Association of Agricultural Economists.
    22. M. A. Baqui Khalily & Abdul Khaleque, 2013. "Access to Credit and Productivity of Enterprises in Bangladesh: Is there Causality?," Working Papers 20, Institute of Microfinance (InM).
    23. Tiberti, Marco & Stefani, Gianluca & Lombardi, Ginevra, 2016. "Efficiency and Capital Structure in the Italian Cereal Sector," 2016 International European Forum, February 15-19, 2016, Innsbruck-Igls, Austria 244539, International European Forum on System Dynamics and Innovation in Food Networks.
    24. Olsen, Jakob Vesterlund & Pederson, Michael Friis, 2011. "An Empirical Analysis of Access to Finance for Danish Farms: Understanding Investment and the Absence of Risk Management," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114591, European Association of Agricultural Economists.

    More about this item

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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