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Nontraditional Lenders in Agricultural Credit Markets

Author

Listed:
  • Bruce J. Sherrick

    (Department of Agricultural Economics, University of Illinois, Urbana-Champaign.)

  • Steven T. Sonka

    (Department of Agricultural Economics, University of Illinois, Urbana-Champaign.)

  • James D. Monke

    (Department of Agricultural Economics, University of Illinois, Urbana-Champaign.)

Abstract

The strategic behavior of nontraditional lenders in agricultural credit markets is examined, Summary survey findings related to several nontraditional agricultural credit suppliers are presented; resourcebased strategy concepts are introduced to evaluate the competitive implications of nontraditional lending programs. The potential advantages conferred by firms' resource bases are illustrated with descriptions of the difference among lenders of the functional areas of intermediation (funding, delivery, regulatory compliance, risk-bearing capacity, underwriting) and how these relate to competitive advantages. Finally, managerial, sector-level, and customer implications are discussed. ©1994 by John Wiley & Sons, Inc.

Suggested Citation

  • Bruce J. Sherrick & Steven T. Sonka & James D. Monke, 1994. "Nontraditional Lenders in Agricultural Credit Markets," Agribusiness, John Wiley & Sons, Ltd., vol. 10(4), pages 341-357.
    • Handle: RePEc:wly:agribz:v:10:y:1994:i:4:p:341-357
    DOI: 10.1002/1520-6297(199407/08)10:4<341::AID-AGR2720100407>3.0.CO;2-C
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    Citations

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    Cited by:

    1. Tseng, Jauling, 1996. "Farmer-borrowers' selection of short- and intermediate-term loan contracts: traditional lenders versus nontraditional lenders," ISU General Staff Papers 1996010108000012129, Iowa State University, Department of Economics.
    2. Dodson, Charles, 1997. "Changing agricultural institutions and markets: The farm credit outlook," Agricultural Outlook Forum Archive 1923 - 1997 327156, United States Department of Agriculture, Agricultural Outlook Forum.
    3. Fiechter, Chad & Ifft, Jennifer, 2020. "What Makes Nontraditional Finance Nontraditional?," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 10(50), March.
    4. Jauling Tseng, 2021. "How do finance companies' advantages affect competitive strategies in short‐ and intermediate‐term loan markets? A theoretical analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4295-4302, July.
    5. Kerry D. Vandell, 1997. "Improving secondary markets in rural America," Proceedings – Rural and Agricultural Conferences, Federal Reserve Bank of Kansas City, issue Apr, pages 85-120.
    6. Chad Fiechter & Todd Kuethe & David B. Oppedahl, 2021. "Perceived Competition in Agricultural Lending: Stylized Facts and an Agenda for Future Research," Working Paper Series WP-2021-16, Federal Reserve Bank of Chicago.

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