This article shows, for the first time, where U.S. ethanol prices are discovered across the major regional markets in the country. We adopt a bivariate approach that compares each regional market against Chicago, as it is equipped with one of the largest terminals in the U.S. and is widely...

Purpose: This study examines the relationship between economic fluctuations and financial distress in the US agricultural sector, which is associated with a large degree of financial instability. Design/methodology/approach: The authors developed a parsimonious model of economic fluctuations in...

Purpose Agricultural producers rely on debt capital to support many functions of their enterprise, yet private credit markets are frequently characterized by an imbalance between supply and demand. As a result, a number of public lending programs exist to mitigate the perceived market failures...