THE EFFECT OF INTERSTATE BANKING ON FARM LENDER MARKET SHARES IN NEW YORK STATE

Commercial bank loans to New York farmers are significantly overestimated in the reported USDA statistics due to out-of-state lending and reporting of some agribusiness loans as agricultural loans by New York State banks. Correcting for this distortion lowers the 1978-84 average New York agricultural credit market share held by banks from 36 to 24 percent. As deregulation allows more interstate banking activity, the overestimate of agricultural loan volume in states with money center banks and the corresponding underestimate of loan levels and market shares in nonmoney center states could cause increased distortion of state level farm debt statistics.


Issue Date:
1986-04
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/28878
PURL Identifier:
http://purl.umn.edu/28878
Published in:
Northeastern Journal of Agricultural and Resource Economics, 15, 1
Page range:
61-65
Total Pages:
5




 Record created 2017-04-01, last modified 2020-10-28

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