OLS panel regression results for all US banks, 2008–2017
| (1) | (2) | (3) | (3) | |
|---|---|---|---|---|
| Specification | Agricultural loan volume | Δ(Ag Loan) | Ag Loan/Total Loan | Δ(Ag Loan/Total Loan) |
| Post Regulation | 0.0497*** (0.0082) | −0.0240** (0.011) | 0.00643*** (0.0005) | −0.0181* (0.0095) |
| Farm sector control variables | ||||
| Land value | −0.164*** (0.059) | −0.254*** (0.0666) | 0.0179*** (0.00422) | −0.129** (0.0617) |
| Farm income | −0.000801*** (0.0002) | −0.0000172 (0.0002) | −0.000124*** (0.0000) | −0.0000643 (0.0002) |
| Macroeconomic control variables | ||||
| Interest Rate | 0.0120 (0.0082) | −0.0153* (0.0085) | −0.00188*** (0.0006) | −0.00355 (0.0075) |
| Unemployment | −0.0149*** (0.0027) | −0.0123*** (0.0032) | −0.00298*** (0.0002) | 0.00241 (0.0029) |
| GDP | 0.0117*** (0.0023) | −0.0161*** (0.0031) | 0.00323*** (0.0002) | −0.0104*** (0.0028) |
| Bank characteristics | ||||
| Size | 0.734*** (0.04) | −0.0879*** (0.024) | −0.0130*** (0.002) | 0.0237 (0.02) |
| ROA | −0.914 (0.85) | −1.256 (0.82) | −0.118** (0.047) | −1.445** (0.6) |
| Credit Risk | −0.571** (0.29) | −1.600*** (0.23) | 0.0283 (0.02) | 0.0120 (0.21) |
| Capital Ratio | −2.940*** (0.27) | 0.497*** (0.16) | −0.0263 (0.026) | −0.165 (0.14) |
| Leverage | 5.182*** (0.58) | −0.388 (0.38) | 0.0411 (0.044) | −0.148 (0.32) |
| Constant | 1.827** (0.78) | 1.901*** (0.47) | 0.433*** (0.049) | −0.340 (0.39) |
| Bank-fixed effects | Yes | Yes | Yes | Yes |
| R2 | 0.154 | 0.011 | 0.083 | 0.005 |
| Observations | 36,527 | 36,527 | 36,527 | 36,527 |
| (1) | (2) | (3) | (3) | |
|---|---|---|---|---|
| Specification | Agricultural loan volume | Δ( | Δ( | |
| 0.0497*** (0.0082) | −0.0240** (0.011) | 0.00643*** (0.0005) | −0.0181* (0.0095) | |
| −0.164*** (0.059) | −0.254*** (0.0666) | 0.0179*** (0.00422) | −0.129** (0.0617) | |
| −0.000801*** (0.0002) | −0.0000172 (0.0002) | −0.000124*** (0.0000) | −0.0000643 (0.0002) | |
| 0.0120 (0.0082) | −0.0153* (0.0085) | −0.00188*** (0.0006) | −0.00355 (0.0075) | |
| −0.0149*** (0.0027) | −0.0123*** (0.0032) | −0.00298*** (0.0002) | 0.00241 (0.0029) | |
| 0.0117*** (0.0023) | −0.0161*** (0.0031) | 0.00323*** (0.0002) | −0.0104*** (0.0028) | |
| 0.734*** (0.04) | −0.0879*** (0.024) | −0.0130*** (0.002) | 0.0237 (0.02) | |
| −0.914 (0.85) | −1.256 (0.82) | −0.118** (0.047) | −1.445** (0.6) | |
| −0.571** (0.29) | −1.600*** (0.23) | 0.0283 (0.02) | 0.0120 (0.21) | |
| −2.940*** (0.27) | 0.497*** (0.16) | −0.0263 (0.026) | −0.165 (0.14) | |
| 5.182*** (0.58) | −0.388 (0.38) | 0.0411 (0.044) | −0.148 (0.32) | |
| 1.827** (0.78) | 1.901*** (0.47) | 0.433*** (0.049) | −0.340 (0.39) | |
| Bank-fixed effects | Yes | Yes | Yes | Yes |
| 0.154 | 0.011 | 0.083 | 0.005 | |
| Observations | 36,527 | 36,527 | 36,527 | 36,527 |
Notes: This table reports results from panel regressions examining agricultural lending on a bank level, from December 31, 2008, to December 31, 2017. All regressions include previously discussed control variables and bank-fixed effects. Standard errors are clustered on bank level. *,**,***Significant at 10, 5 and 1 percent levels, respectively
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.