Agricultural Finance Review: Volume 82 Issue 2

Guest editorial: Nontraditional Credit in U.S. Agriculture

Brady Brewer, Jennifer Ifft, Nigel Key

On the money: characterizing banking and lending in the California cannabis industry

Zoë Plakias, Margaret Jodlowski, Taylor Giamo, Parisa Kavousi, Keith Taylor

Despite 2016 legalization of recreational cannabis cultivation and sale in California with the passage of Proposition 64, many cannabis businesses operate without licenses…

The role of nontraditional lending for socially disadvantaged and financially stressed farmers

Tia M. McDonald, Jonathan Law, Anil K. Giri, Dipak Subedi

In recent years, socially disadvantaged farmers and ranchers have increased their usage of nontraditional lending nearly converging to levels of usage observed for nonsocially…

Nontraditional lenders and access to local agricultural credit markets by beginning and female farmers

Denis Nadolnyak, Valentina Hartarska

The purpose of this study is to evaluate if access to local branch infrastructure of the farm credit system institutions (FCS), banks and credit unions (BCU), and alternative…

Unique financing strategies among beginning farmers and ranchers: differences among multigenerational and beginning operations

Dawn Thilmany, Allison Bauman, Joleen Hadrich, Becca B.R. Jablonski, Martha Sullins

Beginning farmers have unique challenges securing credit because they are less likely to have established sales and collateral for secured loans. This article explores US…

Nontraditional credit in the Wisconsin dairy industry

Andrew W. Stevens

The purpose of this article is to document and evaluate patterns of nontraditional credit use among Wisconsin dairy farmers. Using a survey-based case study approach, this article…

An economic analysis of nontraditional lending in Chapter 12 bankruptcy cases

Adam N. Rabinowitz, William Glen Secor

Nontraditional lenders are important credit providers for farmers. However, previous research has found that farmers who use nontraditional lenders are riskier lending…

Assessing the financial condition and accounts receivable risk among US farmer cooperatives

Gerald Mashange, Brian C. Briggeman

The purpose of this paper is to examine the financial condition and ability of farmer cooperatives to withstand significant increases in bad debt expense.

Does use of nontraditional credit increase risk?

Charles B. Dodson, Bruce L. Ahrendsen, Gianna Short

A potential farm policy concern is that if nontraditional (vendor/point-of-sale) financing represents increased risk, it may have an aggregate effect on sector-wide farm financial…

Strategic behavior of nontraditional lenders in agricultural credit markets

Iuliia Tetteh, Michael Boehlje, Anil K. Giri, Sankalp Sharma

This paper examines credit products, operational performance and business models employed by nontraditional lenders (NTLs) in agricultural credit markets.

A profile of nontraditional agricultural real estate lender activity in the secondary market

Greg A. Lyons, Jackson Takach

This paper uses novel data from a secondary market to assess how loans from nontraditional agricultural real estate lenders (NARELs) differ from traditional sources. Over $2…

Perceived competition in agricultural lending: stylized facts and an agenda for future research

Todd Kuethe, Chad Fiechter, David Oppedahl

This study examines agricultural lending by commercial banks and the competition they face from the Farm Credit System (FCS) and non-traditional lenders, including merchants…