tailieunhanh - TAXES, INSURANCE, CREDIT, AND COOPERATIVES

FCRA and market-based cost estimates alike take into account expected losses from defaults by borrowers. However, because FCRA estimates use Treasury interest rates instead of market-based rates for discounting, FCRA estimates do not incorporate the cost of the market risk associated with the loans. Market risk is the component of financial risk that remains even after investors have diversified their portfolios as much as possible; it arises from shifts in macroeconomic conditions, such as productivity and employment, and from changes in expectations about future macroeconomic conditions. Loans and loan guarantees expose the government to market risk because future repayments of loans tend to be lower when the economy as a whole is performing. | CHAPTER X TAXES INSURANCE CREDIT AND COOPERATIVES The statistics in this chapter deal with taxes insurance agricultural credit and farm cooperatives. Some of the series were developed in connection with research activities of the Department while others such as data from agricultural credit agencies are primarily records of operations. Table 10-1. Taxes levied on farm real estate Amount levied on farm real estate amount per acre and amount per 100 of full value by States 1994 and 19951 State Amount levied on farm real estate Taxes per acre amount Taxes per 100 of full value 1994 1995 1994 1995 1994 1995 Million dollars Million dollars Dollars Dollars Dollars Dollars AL AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ 4806 NM NY NC ND OH OK OR PA RI SC