Jeffrey Keith O'Hara


The consolidation of the commercial banking sector may influence the viability of farms in accessing credit. I estimate the influence that changes in the level of deposits in community banks had on total agricultural sales and direct-to-consumer agricultural sales of local food between 2002 and 2012 in a five-state region containing North Dakota, South Dakota, Minnesota, Wyoming, and Montana. I find that changes in community bank deposits had a positive impact on changes in direct-to-consumer agricultural sales of local foods, while total agricultural sales may not be impacted by changes in community bank deposits.