What should every Young Farmer know about Agro lending?
AbstractViable 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 51064.
Date of creation: Oct 2013
Date of revision: Oct 2013
young farmers; agriculture; agro-lending; loan; risks;
Find related papers by 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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