Access the full text.
Sign up today, get DeepDyve free for 14 days.
(2017)
Consumer price index for all Urban Consumers (CPI-U)
(2017b)
Comptroller’s handbook
R. Barlowe (1985)
Land Resource Economics: The Economics of Real Estate
T. Zacharias, Neil Harl (1992)
The Farm Debt Crisis of the 1980sSouthern Economic Journal, 59
P. Rosenblatt (1990)
Farming Is in Our Blood: Farm Families in Economic Crisis
(2013)
Agricultural lending standards
(2017)
10-year treasury constant maturity rate
(1985)
Agricultural land values and markets: outlook and situation report
S. Atkinson (1999)
The farm crisis of the 1980s in Iowa: its roots and its inner workings
James Shideler (1958)
Farm crisis, 1919-1923The American Historical Review, 63
(2016)
Ag loan volume grows at farm banks: loan quality is declining
(1971)
Farm credit act of 1971: hearings, ninety-second congress, first session
(2017a)
2016 survey of credit underwriting practices
(2016)
2016 annual report: The next 100
(2017)
Loan portfolio administration
Alejandro Plastina (2017)
Financial stress in Iowa farms: 2014–2016
(2017)
) , “ U . S . Total Corn Production and Corn Used for Fuel 576 Ethanol Production
(2017)
Why We Are Not Facing Another 1980s-Style Farm Sector Crisis.
(1995)
An examination of the banking crises of the 1980s and early 1990s
R. Rajan, Rodney Ramcharan (2012)
The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920sERN: Monetary Policy Objectives; Policy Designs; Policy Coordination (Topic)
American Economic Review, 105
(2017)
2016 farm bank performance report
(2017)
Financing rural America: Testimony of Timothy L. Buzby
(2017b)
Statistics at a glance
(2017)
Agricultural farm real estate values by state
B. Barnett (2000)
The U.S. Farm Financial Crisis of the 1980sAgricultural History
J. Massey (1994)
Farmers Home Administration and Farm Credit System UpdateNebraska law review, 73
(2017)
FINPACK
D. Ricardo (1891)
On the Principles of Political Economy and TaxationThe Economic Journal, 1
(2015)
Successfully managing agricultural credit risk regardless of agricultural market conditions
(2003)
Basel and the evolution of capital regulation: moving forward, looking back
(1987)
America’s Farm Crisis
Lowell Dyson (1971)
Was Agricultural Distress in the 1930's a Result of Land Speculation During World War I? the Case of IowaThe Annals of Iowa, 40
(2003)
Capital standards for banks: the evolving Basel accord
(2017)
U.S. and state-level farm income and wealth statistics
B. Sherrick, G. Schnitkey (2014)
Farmland Markets - Comparing the 1980s and the Presentfarmdoc daily
(2017a)
FDIC quarterly banking profile
(2017)
ARC/PLC Payments per Base Acre in Iowa
Michael Belongia, R. Gilbert (1987)
Agricultural banks: causes of failures and the condition of survivorsCanadian Parliamentary Review, 69
(2013)
The farm crisis
(2009)
Testimony before congressional oversight panel
(2017)
Farm finance scorecard
(1967)
Iowa Land Values: 1803-1967
(2016)
Comparing the Stock Market and Iowa Land Values: A Question
H. Gale, J. Hansen, M. Jewison (2015)
China's Growing Demand for Agricultural ImportsSRPN: Globalization (Food) (Topic)
D. Sumner, J. Alston, J. Glauber (2010)
Evolution of the Economics of Agricultural PolicyAgricultural & Natural Resource Economics eJournal
(2017)
Iowa Cash Corn and Soybean Prices.
Wendong Zhang (2017)
Four Reasons Why We Aren't Likely to See a Replay of the 1980's Farm Crisis, 2017
(2015)
Risk management manual of examination policies (2015)
The purpose of this paper is to examine the current farm economic downturn and credit restructuring by comparing it with the 1920s and 1980s farm crises from both economic and regulatory perspectives.Design/methodology/approachThis paper closely compares critical economic and regulatory aspects of the current farm downturn with two previous farm crises in the 1920s and 1980s, and equally importantly, the golden eras that occurred before them. This study compares key aggregate statistics in land value, agricultural credit, lending regulations, and also evaluates the situations and impacts on individual farmer households by using three representative case studies.FindingsThe authors argue that there are at least three economic and regulatory reasons why the current farm downturn is unlikely to slide into a sudden collapse of the agricultural markets: strong, real income; growth in the 2000s, historically low interest rates; and more prudent agricultural lending practices. The current farm downturn is more likely a liquidity and working capital problem, as opposed to a solvency and balance sheet problem for the overall agricultural sector. The authors argue that the trajectory of the current farm downturn will likely be a gradual, drawn-out one like that of the 1920s farm crisis, as opposed to a sudden collapse as in the 1980s farm crisis.Originality/valueThe review provides empirical evidence for cautious optimism of the future trajectory of the current downturn, and argues that the current downturn is much more similar to the 1920s pattern than the 1980s crisis.
Agricultural Finance Review – Emerald Publishing
Published: Jul 30, 2018
Keywords: Farm income; Agricultural credit; Interest rate; Farm crisis; Farm downturn; Land value
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.