2026-07-09http://hdl.handle.net/123456789/534718Financial, farm economy and bank factors are hypothesized to explain variation in FSA guaranteed loan principal outstanding. Regression models using state-level data (1990-1998) are estimated. Debt-to-asset ratios, percentage of agricultural revenues due to crops, interest rates, and off-farm income are significant variables for both farm ownership and operating loan principal.Text