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Abstract

Faculty in the Department of Agricultural and Natural Resource Economics are participating in Project ARC (Agricultural Resources for Colorado), in part, by analyzing a series of legislative options for assisting farmers and ranchers impacted by the current agricultural crisis in Colorado. In discussions with Dr. David Carlson , Director of the ARC Project, it was agreed that four broad legislative options would be analyzed. These were: 1) a limited public/private partnership for buying agricultural land; 2) interest buy down programs for producer loans on agricultural land; 3) state-linked deposit programs , primarily for reducing interest payments on annual operating loans and equipment loans; and 4) targeting funds for agricultural economics research and Extension that would focus on managerial and marketing needs of agricultural producers. This report presents some overall perspectives on interest buy down plans state-linked deposit programs, and related options such as guaranteed loans , land purchase schemes, and providing credit relief to beginning farmers.

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