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Ag Bankers -- Today and Tomorrow

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  • Jolly, Robert W.
  • Gaul, Michael

Abstract

A survey of 401 Iowa bank executives was conducted in October 2008. We received 106 valid responses. The survey requested information on expected loan growth and staffing levels for agricultural credit professionals over the next decade. In addition respondents reported the desired training and experience and expected compensation of new hires. Bank executives expect agricultural loans to grow over the next decade but at a slower rate than total loans. A gain in agricultural loan officer employment is expected net of retirements. Bank executives reported that soft skills such as problem solving ability and communication were more important for new agricultural loan officers than formal training in agriculture or business. Expected compensation levels and growth for new hires tend to lag those in competing industries.

Suggested Citation

  • Jolly, Robert W. & Gaul, Michael, 2009. "Ag Bankers -- Today and Tomorrow," Staff General Research Papers Archive 13029, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:13029
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    File URL: http://www2.econ.iastate.edu/papers/paper_13029_09001.pdf
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    Keywords

    agricultural loan officer; employment; compensation; training; survey;

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