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OverviewIn the early eighties, the unthinkable began to happen to the farm sector and its financial institutions. The outlook for commodity prices and farm income worsened abruptly as an export boom collapsed with little warning. Most farmers had just experienced their most prosperous decade ever and were relying heavily on credit to continue the rapid growth of their income and wealth. As it became increasingly hard for farmers to repay their debts, the financial trouble spread to financial intermediaries with significant involvement in farm lending: commercial banks, some of the larger life insurance companies, and the Farm Credit System. It turned out that the downward spiral of the farm credit crisis had reached bottom in 1986, as judged from farm loan delinquency rates and farmland prices. A remarkable recovery ensued, based in large part on huge government income payments to farmers and further aided by the restoration of order to the operations and viability of the Farm Credit System. The story of these tumultuous years of boom and bust is vividly presented in this book, by analysts and administrators who were immersed in the unfolding events and engaged in studying, devising, or administering governmental policies and actions. Full Product DetailsAuthor: Kenneth L. Peoples , etc.Publisher: Rowman & Littlefield Imprint: Rowman & Littlefield Dimensions: Width: 15.20cm , Height: 2.50cm , Length: 22.90cm Weight: 0.454kg ISBN: 9780847678495ISBN 10: 0847678490 Pages: 144 Publication Date: 27 December 1992 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Out of Print Availability: In Print Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock. Table of ContentsReviews...good supplemental textbook for undergraduate classes in agricultural finance and policy. Rural Development Perspectives It is easy and interesting reading. It should be read by all who are interested in the agricultural sector...Libraries serving rural communities or persons interested in agriculture should definitely have this book in their collection. Academic Library Book Review Author InformationKenneth L. Peoples is the President and Chief Executive Officer of the Farm Credit System Assistance Board. Tab Content 6Author Website:Countries AvailableAll regions |