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Determinants of Lender Response to Short-Term Credit Needs of Small Commercial Farmers

Published online by Cambridge University Press:  28 April 2015

Steven T. Sonka  and
Bruce L. Dixon
Steven T. Sonka
Affiliation:
University of Illinois, Urbana-Champaign
Bruce L. Dixon
Affiliation:
University of Illinois, Urbana-Champaign
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Extract

Credit availability and use have been identified as crucial factors affecting success or failure for many farm operations [1, 2]. The increased level of uncertainty affecting agriculture in the 1970s has intensified the importance of credit use by farmers. Indeed, maintaining financial liquidity often is cited as a strategy to counter increasing farm risks [6, 12]. Farmers view credit as a crucial variable and, as shown by Barry and Baker [3], farmer borrowing patterns can be related to the level of unused credit those farmers maintain.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 11 , Issue 1 , July 1979 , pp. 133 - 137
Copyright
Copyright © Southern Agricultural Economics Association 1979

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References

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