Factors Influencing Farmers’ Preferences for Lender Attributes

Travis A. Farley and Paul N. Ellinger

No 133080, 2006 Agricultural and Rural Finance Markets in Transition, October 2-3, 2006, Washington, DC from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition

Abstract: Data from a survey of Midwest producers are used to examine the credit-source decisions of farm borrowers. The lender attributes preferred by producers are identified in terms of their importance in selecting credit providers. The influence of farm business information on farmers’ interest rate sensitivity and loyalty is investigated. Regression results indicate that patrons of the Farm Credit System are more likely to be highly price-sensitive. Furthermore, the likelihood for strong borrower loyalty is found to be higher for smaller, less leveraged, and more tenured farms and by those who source financing from bank institutions.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Pages: 18
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc2006:133080

DOI: 10.22004/ag.econ.133080

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