The Impact of Short-Term Credit Constraints on Farms’ Profitability
Type de matériel :
TexteLangue : français Détails de publication : 2003.
Sujet(s) : Ressources en ligne : Abrégé : The impact of credit constraints on the economic performance of farms is evaluated. Following Färe,Grosskopfand Lee (1990), we estimate a non-parametric frontier function maximising profit with and without credit constraints. Taking a sample of farms from the Nord-Pas-de-Calais region of France over the period 1995-1998, we obtain estimates for the loss of profit due to limited access to the credit system. Our results show that while variations in economic performance between farms depend mainly on input mismanagement, credit constraints undeniably affect agricultural profits.
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The impact of credit constraints on the economic performance of farms is evaluated. Following Färe,Grosskopfand Lee (1990), we estimate a non-parametric frontier function maximising profit with and without credit constraints. Taking a sample of farms from the Nord-Pas-de-Calais region of France over the period 1995-1998, we obtain estimates for the loss of profit due to limited access to the credit system. Our results show that while variations in economic performance between farms depend mainly on input mismanagement, credit constraints undeniably affect agricultural profits.
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