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The Effect of Interstate Banking on Farm Lender Market Shares in New York State

Published online by Cambridge University Press:  10 May 2017

Eddy L. LaDue  and
Kenneth C. Carraro
Eddy L. LaDue
Affiliation:
Department of Agricultural Economics, Cornell University
Kenneth C. Carraro
Affiliation:
Federal Reserve Bank of St. Louis
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Abstract

Commercial bank loans to New York farmers are significantly overestimated in the reported USDA statistics due to out-of-state lending and reporting of some agribusiness loans as agricultural loans by New York State banks. Correcting for this distortion lowers the 1978–84 average New York agricultural credit market share held by banks from 36 to 24 percent. As deregulation allows more interstate banking activity, the overestimate of agricultural loan volume in states with money center banks and the corresponding underestimate of loan levels and market shares in nonmoney center states could cause increased distortion of state level farm debt statistics.

Type
Research Article
Information
Northeastern Journal of Agricultural and Resource Economics , Volume 15 , Issue 1 , April 1986 , pp. 61 - 65
Copyright
Copyright © 1986 Northeastern Agricultural and Resource Economics Association 

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References

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