Environmental Considerations for Agricultural Intermediation: Potential Impacts of Cercla and Sara

Charles Moss and Michael T. Olexa

No 239297, Staff Paper Series from University of Florida, Food and Resource Economics Department

Abstract: During the 1970s and 1980s the environmental agenda moved to prominent position among legal considerations in agriculture. One element of this agenda involves farmer and lender liability for cleanup cost under CERCLA as amended by SARA. This study examines the potential liability for lenders under this legislation. Next, the study investigates some potential actions and consequences for intermediaries from a theoretical finance perspective. Specifically, the paper addresses changes in credit risk resulting from the emerging agenda. In addition, the adverse selection problem in credit is examined for potential insights into the credit decision. Finally, the study concludes with practical advise for financial intermediaries in agriculture.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 26
Date: 1992-03
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/239297/files/ufl-sp-92-03.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uflsps:239297

DOI: 10.22004/ag.econ.239297

Access Statistics for this paper

More papers in Staff Paper Series from University of Florida, Food and Resource Economics Department Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().