The Changing Debt Maturity Structure of U.S. Farms

Abstract

The objectives of this paper are to examine the debt maturity structure of farm businesses and to investigate the determinants of the farm businesses’ choice of the maturity structure. Based on 2008 ARMS data, our findings indicate that size, asset maturity, financial risk, region, and type of farm operation influenced the debt maturity structure in 2008.Debt maturity structure, farm debt, tobit, Agricultural Finance, G10,