A typical Texas High Plains cotton farm was simulated over a 10-year planning horizon using the FLIPSIM IV model to compare the effects of (a) participation in the Federal Crop Insurance (FCI) program, (b) participation in the ASCS low yield disaster program with either high or low target...

Dramatic changes are occurring in our financial system and the pace of change is increasing. These changes provide opportunities for community bankers, but they also create new challenges. To explore how community banks will respond to these challenges, we asked Tenth District community bankers...

FDICIA outlines a system of bank supervision based on capital. This paper examines two of the assumptions behind this supervisory system. These are that banks will engage in more risky behavior as capital declines, and that reported capital ratios are leading indicators that accurately reflect a...