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Agricultural Credit in Latin America: A Critical Review of External Funding Policy

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  • Dale W Adams

Abstract

During the 1960's aid agencies channelled over one billion dollars to agricultural credit systems in Latin America. This plus local funds boosted the real value of rural credit by 12 percent per year. A number of assumptions underlying past credit policy are critically examined. It is argued that currently credit shortage is not the most pressing issue. Rather, emphasis should be placed on realistic pricing of rural credit and mobilizing rural savings for credit use through interest incentives.

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  • Dale W Adams, 1971. "Agricultural Credit in Latin America: A Critical Review of External Funding Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(2), pages 163-172.
    • Handle: RePEc:oup:ajagec:v:53:y:1971:i:2:p:163-172.
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    File URL: http://hdl.handle.net/10.2307/1237428
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    Cited by:

    1. Mark Schreiner, 2015. "A Comparison of Two Simple, Low-Cost Ways for Local, Pro-Poor Organizations to Measure the Poverty of Their Participants," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 124(2), pages 537-569, November.
    2. Aldabe, Hernán, 1979. "Mercado de capitales y nivel de pobreza: diagnóstico y políticas," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 33032, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Brake, John R. & Melichar, Emanuel, 1977. "Agricultural Finance and Capital Markets," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.
    4. Scobie, Grant M. & Franklin, David L., 1977. "The Impact Of Supervised Credit Programmes On Technological Change In Developing Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 21(1), pages 1-12, April.
    5. Lori Beaman & Dean Karlan & Bram Thuysbaert & Christopher Udry, 2023. "Selection Into Credit Markets: Evidence From Agriculture in Mali," Econometrica, Econometric Society, vol. 91(5), pages 1595-1627, September.
    6. Fox, Roger W., 1979. "Brazil's minimum price policy and the agricultural sector of northeast Brazil:," Research reports 9, International Food Policy Research Institute (IFPRI).
    7. Taylor, Timothy G. & Drummond, H. Evan & Gomes, Aloisio T., 1984. "Agricultural Credit Programs And Production .Efficiency: An Analysis Of Traditional Farming In Southeastern Minas Gerais, Brazil," 1984 Annual Meeting, August 5-8, Ithaca, New York 279083, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Brake, John R. & Melichar, Emanuel, 1977. "PART VI. Agricultural Finance and Capital Markets," AAEA Monographs, Agricultural and Applied Economics Association, number 337218, january.

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