Document Type

Working Paper

Publication Date

2-6-2009

Working Paper Number

WP #09001, February 2009; Old working paper #13029

Abstract

A survey of 401 Iowa bank executives was conducted in October 2008. We received 106 valid responses. The survey requested information on expected loan growth and staffing levels for agricultural credit professionals over the next decade. In addition respondents reported the desired training and experience and expected compensation of new hires. Bank executives expect agricultural loans to grow over the next decade but at a slower rate than total loans. A gain in agricultural loan officer employment is expected net of retirements. Bank executives reported that soft skills such as problem solving ability and communication were more important for new agricultural loan officers than formal training in agriculture or business. Expected compensation levels and growth for new hires tend to lag those in competing industries.

JEL Classification

Q14, G21

File Format

application/pdf

Length

12 pages

Included in

Economics Commons

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