The objective of this study is to determine the effect of credit constraints on production for farm and nonfarm sole proprietorships. A propensity score-matching estimator is employed to provide unbiased estimates of the production impacts of being denied credit. The empirical results...

One voice that is commonly overlooked in debates about farm policy and payment limitations is that of the average tax payer. Surprisingly little research has been done on what taxpayers believe about farms and what they prefer regarding farm policy. Our sample of taxpayers believes that farmers...

Purpose – Many associations in the Farm Credit System, which are financial cooperatives, pay their member‐borrowers a cash patronage payment based on the amount of loan volume with the association. In today's competitive lending environment, some Farm Credit associations have offered lower...

Purpose – The purpose of this paper is to compare the characteristics of farms who participate in farm management associations to the wider population of farms at the state level. Design/methodology/approach – Farm-level records obtained from the USDA's Agricultural Resource Management...

Purpose – Many associations in the Farm Credit System, which are financial cooperatives, pay their member-borrowers a cash patronage payment based on the amount of loan volume with the association. In today's competitive lending environment, some Farm Credit associations have offered lower...

Since 1990, the farmer cooperative landscape has experienced a significant structural shift. Steep consolidation, elevated competition, and surging commodity prices have elevated the need for co-ops to be mindful of their cost structure and efficiencies. To test for this structural shift, this...

Purpose: The purpose of this paper is to examine the optimizing behavior of agricultural supply and marketing cooperatives in the US Midwestern states. Design/methodology/approach: This paper uses firm-level data from CoBank, the primary lender to agricultural cooperatives, to evaluate...

Purpose: The purpose of this paper is to examine the financial condition and ability of farmer cooperatives to withstand significant increases in bad debt expense. Design/methodology/approach: A unique data set of farmer cooperative financial statements that spans from 1996 to 2019 is used to...