Agricultural Credit: Institutions And Issues by Jim MonkeAgricultural Credit: Institutions And Issues by Jim Monke

Agricultural Credit: Institutions And Issues

byJim Monke

Paperback | January 28, 2013

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The federal government has long provided credit assistance to farmers, in response to insufficient lending in rural areas or a desire for targeted lending to disadvantaged groups. One federal lender is the Farm Service Agency (FSA) in the U.S. Department of Agriculture (USDA). It issues direct loans to farmers who cannot qualify for regular credit, and guarantees repayment of loans made by other lenders. Thus, FSA is called a lender of last resort. Of about $240 billion in total farm debt, FSA provides about 2% through direct loans, and guarantees about another 4% of loans. Another federally related lender is the Farm Credit System (FCS), a cooperatively owned, federally chartered lender with a statutory mandate to serve agriculture-related borrowers. FCS makes loans to creditworthy farmers, and is not a lender of last resort. FCS accounts for about 39% of farm debt. Commercial banks are the largest farm lender and hold 44% of total farm debt.
Title:Agricultural Credit: Institutions And IssuesFormat:PaperbackDimensions:24 pages, 9.69 × 7.44 × 0.05 inPublished:January 28, 2013Publisher:BiblioGovLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1288662939

ISBN - 13:9781288662937

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