Past research on agricultural loan pricing is not extensive and has been hampered by a lack of suitable data. The Farm Service Agency (FSA) has guaranteed approximately 5 percent of farm debt of the Farm Credit System (FCS) and banks, the primary lenders to agriculture. As a requirement of the...

This paper presents a detailed summary analysis of commercial bank, Farm Credit System (FCS), and other commercial lenders use of Farm Service Agency (FSA) guaranteed loan program over the time period fiscal 1993-2003. Key aspects of the guaranteed program are examined including the usage level...

Results of a study completed for Congress indicate direct program borrowers are more financially stressed than guaranteed borrowers and that many current farm loan program borrowers may not be able to continue farming, at least in the short-term, without access to government subsidized credit....

Agricultural credit markets are dominated by two institutional retail lender groups, the cooperative Farm Credit System (FCS) and commercial banks. Together these two lender groups supply 70 percent of the farm sector’s total credit needs. This analysis uses USDA’s 2001 and 2002 Agricultural...