An Analysis of Successful and Unsuccessful Farm Loans in South Dakota

Carson D. Evans

No 386173, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Low farm production and high cost of operation were the most common causes of unsatisfactory loan experience among a sample of South Dakota farm borrowers. The study, which dealt with loan cases on 100 Farmers Home Administration and 100 production credit association borrowers, also showed that high ratios of debt to assets and non-real estate debt to total debt were closely related to farm debt failure. Discriminant functions were used in a statistical analysis of the study data. This analysis also allowed use of an additional statistical technique to rank loan failure causes by importance.

Keywords: Agricultural Finance; Farm Management; Research Research Methods/Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 34
Date: 1971-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:386173

DOI: 10.22004/ag.econ.386173

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