文章基本信息

标题：CLEARANCE SALES IN THE FARMLAND MARKET?
本地全文：下载
作者：Featherstone, Allen M. ; Schurle, Bryan W. ; Duncan, Steven S. 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1993
出版社：Food Distribution Research Society
摘要：The ultimate loss financial institutions bear for foreclosed loans is determined by their success in liquidating their acquired property portfolios. This study examines the price received for land sold by private individuals and financial institutions from 1977 through 1990. After adjusting for quality differences, financial institutions received on average 9.2% less than private individuals. Further analysis reveals that commercial banks received a discount of 5.8%, the Farm Credit System (FCS) a 9.2% discount, and Farmers Home Administration (FmHA) a 14.7% discount. For this sample of 13,375 Kansas sales, it is estimated that the sum of the transfers from financial institutions to land buyers amounted to $9.2 million.