Hostname: page-component-848d4c4894-jbqgn Total loading time: 0 Render date: 2024-07-07T13:03:52.005Z Has data issue: false hasContentIssue false
  • English
  • Français

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
Get access

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 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Whitehead, David D. “Interstate Banking: Probability or Reality?” Economic Review, Federal Reserve Bank of Atlanta. March 1985.Google Scholar
Amols, George and Kaiser, Wilson. Agricultural Finance Statistics, 1960–83. Economic Research Service, Statistical Bulletin No. 706. U.S. Department of Agriculture. April 1984.Google Scholar
U.S. Department of Agriculture. Economic Indicators of the Farm Sector, Income and Balance Sheet Statistics, 1983. ERS, ECIFS 3-3, September 1984.Google Scholar
U.S. Department of Agriculture. Economic Indicators of the Farm Sector, State Income and Balance Sheet Statistics, 1983. ERS, ECIFS 3-4, January 1985.Google Scholar
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency. Report of Income and Report of Condition Subscription Service, Data Item Definitions for Data from December 31, 1978 forward. April 1979.Google Scholar