The 2002 farm bill: What farmers and lenders should know

Stephen L Kiser

American Bankers Association, 2003, vol. 16, issue 2

Abstract: The 2002 Farm Security and Rural Investment Act, enacted may 13, 2002, seeks to provide a farm safety net at a relatively greater cost than under the previous farm legislation and continues the trend of high government payments. Over time, government subsidies have contributed significantly to farm income and to the continued strong performance of the Nation's agricultural banks. However, farmers and lenders must understand that the future may hold challenges to sustaining the current level of profitability.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2003
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