Agricultural Finance Review: Volume 60 Issue 1

An analysis of risk premia in U.S. farm‐level interest rates

Barry K. Goodwin, Ashok K. Mishra

Much farm financial risk research has involved the application of “credit‐scoring” models. We approach the issue of measuring financial risk by using the actual interest rates…

Effects of commercial bank structure and other characteristics on agricultural lending

Sharon K. Bard, Peter J. Barry, Paul N. Ellinger

A case loan request methodology evaluated how changes in commercial banking structure are influencing credit availability and terms for selected farm business types. Tobit and OLS…

Producer behavior in the presence of an income stabilization program

Jeffrey R. Stokes, Keith H. Coble, Robert Dismukes

Passage of the 1996 Farm Bill marked a dramatic departure in federal farm policy as the longstanding deficiency payment program was replaced with non‐risk responsive transition…

Using farm consumption data to estimate the intertemporal elasticity of substitution and relative risk aversion coefficients

Abdullahi O. Abdulkadri, Michael R. Langemeier

A farm household consumption model based on the life‐cycle permanent income hypothesis (LPIH) has been specified and the Euler equations derived in this analysis. Estimation of…

Choice among leasing contracts in farm real estate

Narda L. Sotomayor, Paul N. Ellinger, Peter J. Barry

The leasing market for Midwestern farmland is experiencing greater reliance on cash versus share leases and increased competition for leased acreage. This study identifies…

Crop enterprise diversification and specialty crops

Michael Popp, Margot Rudstrom

A set of crop alternatives ranging from traditional, low risk to less common and/or high risk crops is ranked according to their impact on overall risk using two measures. These…