Pre and Post Recession Input Allocation Decisions of Farm Credit System Lending Units

Cesar Escalante () and Minrong Song ()
Additional contact information
Minrong Song: University of Georgia

No 4807110, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: This article estimates and analyzes the technical efficiencies and input allocation decisions of lending associations and their own banks under the U.S. Farm Credit System (FCS) during the period 2005-2011. The sample time period allows for the analysis of the operating decisions of FCS lending units under pre- and post-economic recession conditions. Results indicate that even while FCS lending units were plagued with higher funding costs during the recession, their input allocation decisions revealed fund sourcing strategies that leaned towards using more of the cheaper inputs. Moreover, smaller lending associations were found to have maintained relatively higher levels of technical efficiency.

Keywords: Farm Credit System; allocative efficiency; input allocation; technical efficiency; financial inputs; deposits (search for similar items in EconPapers)
JEL-codes: E39 G20 Q14 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2017-07
New Economics Papers: this item is included in nep-agr
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Published in Proceedings of the Proceedings of the 8th Economics & Finance Conference, London, Jul 2017, pages 33-44

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https://iises.net/proceedings/8th-economics-financ ... =48&iid=003&rid=7110 First version, 2017

Related works:
Working Paper: Pre- and Post- Recession Input Allocation Decisions of Farm Credit System Lending Units (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:4807110

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