Financing Constraints and Access to Credit in Post Crisis Environment: Evidence from New Farmers in Alabama

Abstract

We use survey data to study the level of financing constrains faced by new farmers in Alabama post 2008, and identify who got loans. We find that new farmers are financially constrained but not impacted by the crisis. Lending was collateral driven, although lenders also considered profitability and cash flows.financing constraints, access to agricultural credit, new farmers, Agricultural Finance, Financial Economics, Risk and Uncertainty, G31, Q12, Q14,