Will agricultural toxics chase lenders back to the city?

Steven Blank ()

Agribusiness, 1991, vol. 7, issue 6, 577-583

Abstract: Agricultural lenders face a new risk of liability for toxic cleanup costs based on current interpretations of CERCLA (or the Superfund Law), forcing many lenders to reassess their business strategies. Yet, their response to the question “will agricultural toxics chase lenders back to the city?” has been a unanimous “no”. This article proposes an economic explanation for this surprising lender response, and explores some of its implications for lenders and the agricultural sector. A simple model of lending is developed based on input from agricultural lenders.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:7:y:1991:i:6:p:577-583

DOI: 10.1002/1520-6297(199111)7:6<577::AID-AGR2720070607>3.0.CO;2-T

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