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The Importance Of Land Bank For Agricultural Development And The Technique Of Granting Rural Land Loan

Author

Listed:
  • LUCIAN-ION MEDAR

    (Constantin Brancusi University of Targu Jiu, Romania)

  • IRINA-ELENA CHIRTOC

    (Constantin Brancusi University of Targu Jiu, Romania)

Abstract

In Romania, with the liberalization of the land market, appears the prospect of functioning of a specialized agricultural bank which might be named ,,land bank’’. In principle, this institution can buy and sell agricultural land and to provide priority "rural land loan" for farm development. Mainly, it may incorporate an advantageous loan system created for those who want to buy land for agriculture use, once of the liberalization of land market since 2014. In this article we present some details about importance of this credit institution and grant technique of rural land loan . Currently, the number of Romanian farmers grouped in associations is very small compared to the millions agricultural holdings. Young farm development can be possible only by appealing to an "engine" type "rural land loans" and which may more quickly solve their financial problems.

Suggested Citation

  • Lucian-Ion Medar & Irina-Elena Chirtoc, 2013. "The Importance Of Land Bank For Agricultural Development And The Technique Of Granting Rural Land Loan," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 63-67, August.
    • Handle: RePEc:cbu:jrnlec:y:2013:v:4:p:63-67
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    1. AfDB AfDB, . "African Statistical Yearbook 2011," African Statistical Yearbook, African Development Bank, number 300.
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