DEBT DEPRECIATION, CONGLOMERATION, AND CREDIT CONSTRAINTS: EVIDENCE FROM CATTLE CYCLES

Ralph W. Bierlen, Bruce L. Dixon and Bruce Ahrendsen

No 20867, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We search for evidence consistent with the notion that endogenous credit constraints play a role in cattle cycles. Beef cow inventories are found to be more sensitive to credit constraints during periods of falling than rising asset values. Inventories of heifer replacements exhibit only weak sensitivity to credit constraints during periods of falling asset values.

Keywords: Financial Economics; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 14
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20867

DOI: 10.22004/ag.econ.20867

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