BORROWER PREFERENCES IN THE AGRICULTURAL CREDIT MARKET: A CONJOINT ANALYSIS
Sharon K. Bard,
Dawn J. Craig and
No 28628, Staff Papers from Purdue University, Department of Agricultural Economics
The purpose of this study is to identify the attributes that farm borrowers value in the credit relationship as well as the trade-offs in those attributes. Agricultural borrowers prefer a lender who can provide them with competitive interest rates, quick decisions on a loan request, an adequate loan amount, and knowledge of the agricultural industry. Farm borrowers do not place a priority on customized terms, but they do expect a competitive interest rate and are unwilling to pay a higher interest rate in exchange for other attributes such as faster loan decisions or specialization in agricultural lending.
Keywords: Agricultural; Finance (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:puaesp:28628
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