Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 5/16/18


In a previous article, we estimated that implement dealers provided 27% of the agricultural sector's long term non-real estate debt in 2016 (farmdoc daily, May 9, 2008). This post examines the use of implement dealer credit by farm type, as well as the average interest rate and loan size of implement dealer credit compared to other lending sources.

Sources for Detailed Farm Loan Data
While many lenders, such as commercial banks or the Farm Credit System, report aggregate lending to farmers, it is difficult to measure other lending relationships, such as borrowing from individuals. For these types of lending relationships, economists typically rely on surveys of farm operators. The best source for national-level aggregate farm debt is the Agricultural Resource Management Survey (ARMS) jointly pro

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