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Document Type

Thesis - University Access Only

Award Date

1991

Degree Name

Master of Science (MS)

Department

Economics

Second Advisor

Charles Lamberton

Abstract

The research objectives that follow are designed to increase the knowledge base of South Dakota bankers with respect to their role in the Farmer Mac secondary market. It is hoped that this study will ultimately prove useful to bankers in deciding both whether and how to use the Farmer Mac secondary market for agricultural mortgages.
Objective 1 Determine the financial characteristics and associated credit histories of Farmer Mac eligible agricultural real estate mortgages held by eastern South Dakota banks.
Objective 2 Determine the feasibility of Farmer Mac participation by South Dakota lenders, given the three subordinated debt level-of-participation scenarios currently being considered by Farmer Mac, using deterministic and stochastic net present value modeling techniques.
Objective 3 Develop a model which will assist lenders in making hold or sell decisions, with respect to individual Farmer Mac eligible loans, based on estimations of the expected profitability of the loan(s).

Library of Congress Subject Headings

Federal Agricultural Mortgage Corporation (U.S.)
Secondary mortgage market
Farm mortgages -- South Dakota
Agricultural credit -- South Dakota
Bank loans -- South Dakota

Format

application/pdf

Number of Pages

175

Publisher

South Dakota State University

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