We study how agricultural loan portfolios in commercial banks serving agricultural producers are affected by inter-annual climate variability in the Southeast U.S. - a region strongly affected by the El Nino Southern Oscillation (ENSO). We use panel data for 473 agricultural banks from six...

This study establishes which factors affect Southeast US farmers' ability to meet their loan repayment obligations within the stipulated loan term. The study uses a 10-year (2003-2012) pooled cross-sectional data from the USDA ARMS survey data (Phase III). A probit model is used to regress...

Governments around the world are forced to react to disasters caused by weather. The agricultural sector is particularly susceptible to weather extremes and adverse climate conditions. In the US, agricultural disaster payments account for a significant part of total agricultural subsidies. The...

We study how agricultural loan portfolios in commercial banks serving agricultural producers are affected by inter-annual climate variability in the Southeast U.S. - a region strongly affected by the El Nino Southern Oscillation (ENSO). We use panel data for 473 agricultural banks from six...

Inter-annual climate variability in the Southeastern US that affects farm productivity and cash flows is largely driven by the predictable El Nino Southern Oscillation (ENSO) phenomenon. In this paper, we evaluate the impact of the ENSO anomalies on the performance of agricultural loan...

Purpose: The purpose of this paper is to provide evidence of the positive impact of the FCS lending on farm incomes which should be useful to policymakers as they consider reforms and further support for this 100-year-old major agricultural lender. Design/methodology/approach: The authors...

In this paper, we set out to establish if there is a link between finance and economic growth in rural areas. In particular, we evaluate the relation between credit by major lenders in rural areas - commercial banks and Farm Credit System institutions - and economic growth for the period...

Published research on credit counseling and mortgage termination is surprisingly scarce, despite substantial growth in this industry. While the purpose of counseling is to assist low-income borrowers to improve their handling of debt and thereby reduce default, counseling may also improve the...

The costs and benefits of subsidized microfinance are still a controversial topic. We evaluate how subsidies affect the cost-efficiency of microfinance institutions (MFIs). At the same time, we account for endogenous self-selection into the business models of credit-only versus...