U.S. agriculture depends on capital for its success. Nearly a trillion dollars of capital is at work in production agriculture, with trillions more at work in the rest of the U.S. food system. Public policy has always been concerned with ensuring that farmers have access to adequate amounts of...

Agriculture's strong financial recovery after six recession years and the Agricultural Credit Act of 1987 mark a new era in farm lending. Some farm lenders are likely to gain in the new lending environment, while others may lose.