Agricultural credit association efficiencies over time and with mergers
Efficiencies of Agricultural Credit Associations of the US Farm Credit System are measured quarterly from 2005 through 2020. A slacks-based measure based on the directional distance function is used with non-performing loans included as an undesirable output. This permitted efficiency scores to be m...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Cambridge University Press
2023-12-01
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| Series: | Agricultural and Resource Economics Review |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S1068280523000096/type/journal_article |
| _version_ | 1797629811955335168 |
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| author | Yurou He Loren W. Tauer |
| author_facet | Yurou He Loren W. Tauer |
| author_sort | Yurou He |
| collection | DOAJ |
| description | Efficiencies of Agricultural Credit Associations of the US Farm Credit System are measured quarterly from 2005 through 2020. A slacks-based measure based on the directional distance function is used with non-performing loans included as an undesirable output. This permitted efficiency scores to be measured by type of defined input or output. Generally, most Associations were highly efficient, but there was deterioration in mean efficiency over the years 2008–2018, a period of financial difficulties in the US agriculture. Efficiencies of Associations that merged or consolidated were tracked before and after these activities. Mergers and consolidations often led to increased efficiencies. |
| first_indexed | 2024-03-11T10:58:19Z |
| format | Article |
| id | doaj.art-83020efbceb34d4ca1c383bdc11d06e2 |
| institution | Directory Open Access Journal |
| issn | 1068-2805 2372-2614 |
| language | English |
| last_indexed | 2024-03-11T10:58:19Z |
| publishDate | 2023-12-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Agricultural and Resource Economics Review |
| spelling | doaj.art-83020efbceb34d4ca1c383bdc11d06e22023-11-13T00:51:10ZengCambridge University PressAgricultural and Resource Economics Review1068-28052372-26142023-12-015252054610.1017/age.2023.9Agricultural credit association efficiencies over time and with mergersYurou He0Loren W. Tauer1https://orcid.org/0000-0002-9785-3311Charles H. Dyson School of Applied Economics and Management, Cornell University, Ithaca, NY, USACharles H. Dyson School of Applied Economics and Management, Cornell University, Ithaca, NY, USAEfficiencies of Agricultural Credit Associations of the US Farm Credit System are measured quarterly from 2005 through 2020. A slacks-based measure based on the directional distance function is used with non-performing loans included as an undesirable output. This permitted efficiency scores to be measured by type of defined input or output. Generally, most Associations were highly efficient, but there was deterioration in mean efficiency over the years 2008–2018, a period of financial difficulties in the US agriculture. Efficiencies of Associations that merged or consolidated were tracked before and after these activities. Mergers and consolidations often led to increased efficiencies.https://www.cambridge.org/core/product/identifier/S1068280523000096/type/journal_articleefficienciesFarm Credit Systemnon-performing loansundesirable outputD24G21G34Q14 |
| spellingShingle | Yurou He Loren W. Tauer Agricultural credit association efficiencies over time and with mergers Agricultural and Resource Economics Review efficiencies Farm Credit System non-performing loans undesirable output D24 G21 G34 Q14 |
| title | Agricultural credit association efficiencies over time and with mergers |
| title_full | Agricultural credit association efficiencies over time and with mergers |
| title_fullStr | Agricultural credit association efficiencies over time and with mergers |
| title_full_unstemmed | Agricultural credit association efficiencies over time and with mergers |
| title_short | Agricultural credit association efficiencies over time and with mergers |
| title_sort | agricultural credit association efficiencies over time and with mergers |
| topic | efficiencies Farm Credit System non-performing loans undesirable output D24 G21 G34 Q14 |
| url | https://www.cambridge.org/core/product/identifier/S1068280523000096/type/journal_article |
| work_keys_str_mv | AT yurouhe agriculturalcreditassociationefficienciesovertimeandwithmergers AT lorenwtauer agriculturalcreditassociationefficienciesovertimeandwithmergers |