Comparing the Loan Performance of Direct and Guaranteed Farm Service Agency Loans

Steven R. Koenig and Charles B. Dodson

No 132759, 2005 Agricultural and Rural Finance Markets in Transition, October 3-4, 2005, Minneapolis, Minnesota from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition

Abstract: Comparisons of Farm Service Agency direct and guaranteed farm loans made from fiscal 2000 through fiscal 2003 shows that differences in performance measure between the two delivery systems are substantial, but that those differences appear to be consistent with differences in program objectives. Direct loans made during these years had higher delinquency, restructuring, and loss rates than guaranteed loans made. In addition, when loan repayments occur, they occur more quickly in direct loans than in guaranteed loans. Despite the differences, most loan performance measures for both delivery systems continue to show significant improvement from historical highs set in the 1980s and 1990s.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 17
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc2005:132759

DOI: 10.22004/ag.econ.132759

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