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Projections of Agricultural Capital and Credit Requirements: An Oklahoma Application

Published online by Cambridge University Press:  28 April 2015

Fred Schmedt  and
Michael Boehlje
Fred Schmedt
Affiliation:
Iowa State University
Michael Boehlje
Affiliation:
Iowa State University
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Extract

The growth in the capital investment in agriculture that occurred during the 1950's and 1960's and the resulting credit demands led to a number of inquiries into the future capital and credit requirements of American agriculture [2, 3, 4]. The results of these studies suggest that the aggregate capital and credit needs of the agricultural sector will increase significantly in the future. However, estimates of future capital and credit requirements of firms that are representative of different sizes and enterprise types of farms are not available. These estimates would be useful to farmers and lending institutions in determining the future amount of capital and credit needed to generate a given level of gross sales or income. Those entering farming could compare the present and future capital needed for different types of operations.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 6 , Issue 1 , July 1974 , pp. 117 - 123
Copyright
Copyright © Southern Agricultural Economics Association 1974

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References

[1] Brake, John R., Future Capital and Credit Needs of Canadian Agriculture. Dept. of Ag. Econ. Publication No. AE 7013. University of Guelph, 1970.Google Scholar
[2] Brake, John R., “Impact of Structural Changes on Capital and Credit Needs.” Journal of Farm Economics 48: 1536–1545, Dec. 1966.CrossRefGoogle Scholar
[3] Melichar, Emanuel, “Farm Capital and Credit Projections to 1980.” American Journal of Agricultural Economics 51: 1172–1177, Dec. 1969.CrossRefGoogle Scholar
[4] Melichar, Emanuel and Doll, Raymond J., Fundamental Reappraisal of the Discount Mechanism – Capital and Credit Requirements of Agriculture and Proposals to Increase Availability of Bank Credit. Board of Governors of the Federal Reserve System, Washington, D.C, Nov. 1969.Google Scholar
[5] Schmedt, Fred, “Future Capital and Credit Needs for Oklahoma Farms” unpublished M.S. thesis, Oklahoma State University, 1973.Google Scholar
[6] U.S. Bureau of the Census, U.S. Census of Agriculture for Oklahoma, 1964, Vol. 1, Part 36, Washington, D.C, 1967.Google Scholar