Date of Award


Document Type


Degree Name

Master of Science

Degree Discipline

Agriculture Economics


Most farmers borrow money at some time to buy land, machinery and equipment, pay operating costs, engage in cooperative ventures or buy consumer goods. A thorough knowledge of the role of credit is essential to a sound farm operation. Credit is "the ability to command the goods or service of another in return for a promise to pay for such goods or services at some specified time in the future."1 Information contained in this study is directed toward an understanding of credit practices used by Negro farm families of Shelby County in pursuance of their farming operations and to determine the effect of these practices on farm income. "Financial advancement by any farmer is influenced by his policy in regard to loans. Undesirable credit practices are as dangerous as undesirable practices with crop and livestock production."2

This study is limited to Negro farm families living and operating farms in Shelby County. In this report, a brief description of the natural and human resources of the county is given in order to establish a background of the area covered.

A description is also given of the established credit institutions in the county, both government sponsored and private sources and their policies regarding credit to farm families.

It is the purpose of this study to determine the use made of credit resources in Shelby County by Negro farm families in carrying out their farming operations and to develop an understanding of the credit policies of established credit institutions in the county regarding the type of loans available to farmers, interest rates charged, length of loans, and repayment schedules. It is further desired, that this study will help farm families in planning adequately their credit needs on a sound basis.

1 Farm Credit Administration, American Institute of Banking, New York, 1934, p. 402.

2 Lynn S. Robertson and Ralph H. Woods, Farm Business Management, J. B. Lippincott Co., 1946, pp. 284-285.

Committee Chair/Advisor

J. M. Coruthers

Committee Member

E. W. Owens


Prairie View A&M College


© 2021 Prairie View A & M University

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Date of Digitization


Contributing Institution

John B Coleman Library

City of Publication

Prairie View




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