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Will agricultural toxics chase lenders back to the city?

Author

Listed:
  • Steven C. Blank

    (Agricultural Economics Department at the University of California, Davis)

Abstract

Agricultural lenders face a new risk of liability for toxic cleanup costs based on current interpretations of CERCLA (or the Superfund Law), forcing many lenders to reassess their business strategies. Yet, their response to the question “will agricultural toxics chase lenders back to the city?” has been a unanimous “no”. This article proposes an economic explanation for this surprising lender response, and explores some of its implications for lenders and the agricultural sector. A simple model of lending is developed based on input from agricultural lenders.

Suggested Citation

  • Steven C. Blank, 1991. "Will agricultural toxics chase lenders back to the city?," Agribusiness, John Wiley & Sons, Ltd., vol. 7(6), pages 577-583.
    • Handle: RePEc:wly:agribz:v:7:y:1991:i:6:p:577-583
    DOI: 10.1002/1520-6297(199111)7:6<577::AID-AGR2720070607>3.0.CO;2-T
    as

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    References listed on IDEAS

    as
    1. Schmiesing, B. H. & Edelman, Mark & Swinson, C. & Kolmer, D., 1985. "Differential Pricing of Agricultural Operating Loans by Commercial Banks," Staff General Research Papers Archive 11038, Iowa State University, Department of Economics.
    2. Schmiesing, Brian H. & Edelman, Mark A. & Swinson, Cindy & Kolmer, Diane, 1985. "Differential Pricing Of Agricultural Operating Loans By Commercial Banks," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-12, December.
    3. Hanweck, Gerald A. & Kilcollin, Thomas Eric, 1984. "Bank profitability and interest rate risk," Journal of Economics and Business, Elsevier, vol. 36(1), pages 77-84, February.
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