| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The Impact of Decoupled Payments on the Cost of Operating Capital
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| Autores: |
Kropp, Jaclyn D.
Whitaker, James B.
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| Data: |
2009-04-30
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| Ano: |
2009
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| Palavras-chave: |
Decoupled payments
Credit rationing
Agricultural and Food Policy
Agricultural Finance
International Relations/Trade
Q15
Q17
Q18
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| Resumo: |
We estimate the impact of direct payments under the 2002 Farm Act on the credit terms of farm operators, specifically the interest rate on short-term operating loans. In the analysis, we control for farm financial characteristic, farm operator characteristics, and other factors. Using data from the Agricultural Resource Management Survey (ARMS) for the year 2007, we show that as the proportion of base acres to total operated acres increases, interest rates decline by a small but statistically significant amount. This implies that direct payments lead to lower operating costs through better credit terms. Lower operating costs may in turn allow some farmers to produce on land that would otherwise be unprofitable to operate.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/49311
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| Relação: |
Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
Selected Paper
609480
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| Formato: |
23
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