BORROWER PREFERENCES IN THE AGRICULTURAL CREDIT MARKET: A CONJOINT ANALYSIS

The purpose of this study is to identify the attributes that farm borrowers value in the credit relationship as well as the trade-offs in those attributes. Agricultural borrowers prefer a lender who can provide them with competitive interest rates, quick decisions on a loan request, an adequate loan amount, and knowledge of the agricultural industry. Farm borrowers do not place a priority on customized terms, but they do expect a competitive interest rate and are unwilling to pay a higher interest rate in exchange for other attributes such as faster loan decisions or specialization in agricultural lending.


Issue Date:
2002
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/28628
Total Pages:
20
Series Statement:
Staff Paper 02-03




 Record created 2017-04-01, last modified 2017-08-24

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