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What should every Young Farmer know about Agro lending?

Author

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  • Kovachev, Goran

Abstract

Viable agricultural and rural development is almost impossible without additional finances. Agro lending allows additional capital accumulation necessary for agricultural households to increase its productivity, thus income. Unfortunately, financial institutions perceive agriculture as highly risky to be financed. In fact there are seven major risks immanent for agriculture: production, market, legal, human, technical, financial and political risks. Anyway, young farmers should not be frightened to apply for a loan. In contrary, financial institutions are far less reluctant to borrow to younger than senior farmers because of their courage, entrepreneurship and ability to understand modern agriculture and finance.

Suggested Citation

  • Kovachev, Goran, 2013. "What should every Young Farmer know about Agro lending?," MPRA Paper 51064, University Library of Munich, Germany, revised Oct 2013.
    • Handle: RePEc:pra:mprapa:51064
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    File URL: https://mpra.ub.uni-muenchen.de/51064/1/ngomagazine6.pdf
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    More about this item

    Keywords

    young farmers; agriculture; agro-lending; loan; risks;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • H89 - Public Economics - - Miscellaneous Issues - - - Other
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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