Loan packaging decisions for beginning African American and other socially disadvantaged farmers

نویسندگان

چکیده

This study presents evidence on the relative accommodation of credit requests made by minority start-up entrepreneurs in U.S. farm sector. Loan packaging terms (amount, interest rate, and maturity) prescribed lending officers Farm Service Agency, government's arm to sector, are analyzed compared across racial/ethnic gender groups borrowers. The intention is discern whether loan favorable supportive new farms' business growth survival goals uncover any trends preferential treatment for certain Econometric results did not significant deviations lenders' decisions beginning African American White farmers all three components package. While most term were similar among borrowers different attributes, only exceptional significantly larger amounts Indians higher rates Hispanic Americans. Compared South, seem align with regional concentrations typologies, such as prevalence livestock operations Plains Midwest that require longer repayment periods crop farms West amount approvals.

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ژورنال

عنوان ژورنال: The American Journal of Economics and Sociology

سال: 2023

ISSN: ['0002-9246', '1536-7150']

DOI: https://doi.org/10.1111/ajes.12522