This study aims at exploring the relationship between efficiency and the capital structure of cash grain farms in Illinois.

A micro-analytic approach based on an integration of elements from Agency and Transactions-cost theories, was followed to develop a theoretical framework for characterizing vertical coordination decisions at the firm level. Vertical coordination modes were defined as all possible arrangements...

Changes in loan quality affect loan pricing, credit policy, and the capital structure of the Farm Credit System (FCS). Improving the assessment and anticipation of changes in loan quality is a continual challenge. This research shows that loan quality assessment through aggregate credit scoring...

This study examined optimal farm capital structure and investment under asymmetric information between the farm borrower and lender. The capital structure of the borrower may affect the terms of the loan contract or may restrict credit availability. Thus, under asymmetric information conditions,...

The repayment ability of the borrower and, therefore, the loan performance should be contingent on actual performance of the financed business because other sources of income may not be reliable as evidenced by recent economic recession in USA. Accordingly, credit scoring models should basically...