We use primary information obtained through focus group surveys to uncover potential factors apt to justify the low participation of small, beginning, and socially disadvantaged farmers in governmental adapted loan programs in the United States. Our analysis uncovers two barriers to financial...

The translog cost function of the U.S. agricultural sector unveils dynamic relationships between foreign and domestic inputs. On average, capital and labour are weak substitutes, but they are strong substitutes to food and agricultural imports. Therefore, enhancing trade policies on food and...

We investigate the impact of financial access on production convergence in the US agricultural sector. Our results reveal a half-life of about three years in per capita agricultural production across the US states. We also find that financial access enhances the speed of convergence. Our results...