Farmers' Credit Risks and Liquidity Management
分析农户面临的信用风险如何与财务和经营风险结合，并利用银行调查数据揭示农户信贷与农业收入的正相关关系，对研究农村信贷市场的学者有参考价值。
Abstract Credit risks are unanticipated variations in costs and availability of credit that arise from forces in financial markets or from lenders' responses to risks in agricultural markets and farmers' creditworthiness. An extension of mean‐variance portfolio theory shows how credit risks combine with other financial and business risks to determine total risk. Empirical evidence from lender surveys about risks shows that farmers' credit is positively correlated with changes in farm income, although the correlation is stronger for capital credit than for operating credit, and that variability in fund availability from rural banks has contributed to high credit risks.