ADJUSTABLE -TERM FINANCING OF FARM LOANS

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.

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Year of publication:	1991
Authors:	Pederson, Glenn D. ; Duffy, Michael D. ; Boehlje, Michael ; Craven, Robert
Published in:	Western Journal of Agricultural Economics. - Western Agricultural Economics Association - WAEA. - Vol. 16.1991, 02
Publisher:	Western Agricultural Economics Association - WAEA
Subject:	Agricultural Finance

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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