Rural Banks Reflect The Local Economy

James J. Mikesell

Rural America/ Rural Development Perspectives, 1985, vol. 02, issue 01

Abstract: Rural banks are often accused of having conservative lending practices that stifle community growth. But the bank operating statistics supporting that contention may really just reflect a lack of alternative lending opportunities. The data assembled here demonstrate that rural banks' lending is aimed chiefly at their local market, especially local farmers. Furthermore, bank support of agriculture, one of the largest industries in their service areas, far from being too conservative, may jeopardize bank solvency.

Keywords: Agricultural Finance; Community/Rural/Urban Development; Financial Economics (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:310346

DOI: 10.22004/ag.econ.310346

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