Financing Agriculture Into The Twenty-first Century (PDF)

"Marvin Duncan is professor of agricultural economics at North Dakota State University (NDSU). His work there focuses on rural financial markets, agricultural credit issues and institutions, rural economic development, and rural/agricultural policy. Dr. Duncan has been chairperson in the Department of Agricultural Economics at NDSU, as well. Prior to joining the NDSU faculty, he was a member of the board of the Farm Credit Administration (FCA), a presidentially 217 appointed position. During his service on the FCA Board, spanning the tumultuous years of the mid- to late 1980s, he was active in working with Congress as it developed legislative solutions to the financial problems of the U.S. Farm Credit System and in providing policy leadership in crafting the regulatory framework to implement that legislation. Duncan previously had been appointed Senior Deputy Governor at the FCA. Duncan had been a vice president and economist at the Federal Reserve Bank of Kansas City prior to joining the FCA where, as a member of the Bank's Research Department, he led its research and analysis of the real sector of the Tenth Federal Reserve District economy. Duncan is widely published on issues within his research focus and is a sought-after commentator on issues of rural financial markets, agricultural credit, and agricultural and rural policy. Duncan has been a visiting scholar at the Economic Research Service of the U.S. Department of Agriculture and has been on a USDA advisory committee. Duncan holds B.S. and M.S. degrees from NDSU and a Ph.D. in agricultural economics from Iowa State University.

Jerome Stam is Leader of the Finance Team in the Economic Research Service (ERS) of the U.S. Department of Agriculture, located in Washington, DC. His work involves conducting and managing an array of research, staff, and situation-outlook work dealing with agricultural credit policy, lending institutions, and financial innovations. He began his professional career with the field