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Abstract
Excerpts: Financing livestock production in the southeastern States involves many types and sizes of operations. Credit must meet the needs of the part-time farmer living in the country but also employed in industry; it must satisfy the requirements of a few large operators who rely on livestock for their primary source of income. Between these extremes, credit must be suitably available for the most numerous operation--the many farmers who raise some livestock, but relatively few head compared with the typical livestock farmer in other regions of the United States. Existing sources of credit are not completely responsive to the needs of the livestock industry, either in terms of volume nor in the time and collateral requirements of loans. An expanded beef industry can expect to increase the needs for credit. We therefore believe a specialized cooperative credit corporation is the best approach to improving responsiveness and providing additional service to the livestock industry.