The Cooperative Extension Service Should Provide Farmers with More Information on Farm Credit Sources

摘要

The demand for farm credit has increased significantly in recent years. While the supply of credit from the numerous private and public lenders has generally been adequate to meet the needs of qualified borrowers, beginning and marginal operators have had problems getting credit and repaying outstanding loans. In the future, the success of family farms in the United States will depend largely on skillful financial management--including the efficient use of credit. However, information on sources of credit, interest rates and terms, and how to apply for credit is only available on a piecemeal basis from numerous sources. As a result, farmers are often unaware of the differences in credit available. This can limit the creation, survival, and efficiency of family farms. A central source of credit information for farmers is needed.