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          Volume 44, Number 04, November 2012 >

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Title: Financing Constraints and Access to Credit in Post Crisis Environment: Evidence from New Farmers in Alabama
Authors: Hartarska, Valentina M.
Nadolnyak, Denis A.
Editors: Marchant, Mary A.
Bosch, Darrell J.
Keywords: financing constraints
access to credit
financial crisis
beginning farmers
JEL Codes: G31
Issue Date: 2012-11
Abstract: We use survey data to study the degree to which new farming operations in Alabama were financially constrained after the 2008 financial crisis. Next, we control for farmers’ self-selection out of the credit market and identify which farmers were able to secure loans during the period of 2009–2010. The results show that new farmers that started any part of their operation after 2005 were financially constrained but no evidence that their financing constraints were affected by the crisis. As expected, we find that lending was collateral-driven, although lenders also considered farmers’ profitability and cash flows.
Institution/Association: Journal of Agricultural and Applied Economics> Volume 44, Number 04, November 2012
Total Pages: 15
From Page: 607
To Page: 621
Collections:Volume 44, Number 04, November 2012

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