SAES-422 Multistate Research Activity Accomplishments Report

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Basic Information
Additional Info

Status: Approved

Basic Information

Project No. and Title: NC1014 : Agricultural and Rural Finance Markets in Transition (NC221, NCT-194)
Period Covered: 10/01/2004 to 09/01/2005
Date of Report: 10/17/2005
Annual Meeting Dates: 10/03/2005 to 10/04/2005

Bruce Ahrendsen (University of Arkansas), Ross Anderson (AgriBank), Anna Arkhiereeva (University of Minnesota (visitor)), Andy Behrens (University of Minnesota), Michael Brady (Ohio State University), Theodore Covey (ERS-USDA), Lisa DeClark (Federal Reserve Bank of Minneapolis), Matthew Diersen (South Dakota State University), Bruce Dixon (University of Arkansas), Dimitrina Dohcheva (University of Minnesota (visitor)), Paul Ellinger (University of Illinois), Cesar Escalante (University of Georgia), Allen Featherstone (Kansas State University), John Gardner (University of Missouri), Dan Glienke (Land O'Lakes Finance Company), Brent Gloy (Cornell University), Mike Gunderson (Purdue University), Cole Gustafson (North Dakota State University), Amy Hagerman (Texas A&M University), Valentina Hartarska (Auburn University), Larry Janssen (South Dakota State University), Zhu Jianhua (Iowa State University), Robert Jolly (Iowa State University), Ani Katchova (University of Illinois), Steve Koenig (USDA/FSA), Don Won Lee (South Dakota State University), Sergio Lence (Iowa State University), Driss Mehouachi (University of Minnesota (visitor)), Richard Meyer (Ohio State University), Ashok Mishra (ERS-USDA), Mitchell Morehart (ERS-USDA), Charles Moss (University of Florida), William Nganje (North Dakota State University), Raphael Onyeaghala (Southwest Minnesota State University), Glenn Pederson (University of Minnesota), Josh Roe (Kansas State University), Richard Sawyer (Farmer Mac), Bruce Sherrick (University of Illinois), Richard Todd (Federal Reserve Bank of Minneapolis), Cal Turvey (Cornell University), Christine Wilson (Purdue University).

Brief Summary of Minutes of Annual Meeting

Legacy attachment file:

[Minutes]

Accomplishments

The goal of our research efforts is to understand and evaluate the recent changes in agricultural and rural finance markets and provide recommendations seeking improvements in programs and policies affecting the well-being of farm and rural households. We conducted a series of studies addressing the changing structure of the agricultural sector. Several research projects addressed the credit risks faced by agricultural lenders, measured the impacts of various government and risk management programs, and evaluated the economic viability of rural communities (see publication list). The committee also summarized previous research in several major areas of agricultural finance. The accumulated knowledge and the recommendations for future needs and research will be disseminated via a special issue of the Agricultural Finance Review, the leading journal of this committee.

Impacts

The group developed several innovative credit risk models to comply with the New Basel Accord regulators. The models can be readily adopted by agricultural lenders to better evaluate the necessary capital to protect against credit losses.
The group evaluated the performance of the Loan Programs for the Farm Service Agency and Non-Traditional Financial Institutions. Policy recommendations were made regarding program performance and efficiency.
The group evaluated the impact of urban development on land values and evaluated case studies of entrepreneurship.

Publications

Legacy attachment file:

[Publications]

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