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Risk Sharing versus Low-Cost Credit Systems for International Development

Author

Listed:
  • M. A. Krause
  • R. R. Deuson
  • T. G. Baker
  • P. V. Preckel
  • J. Lowenberg-DeBoer
  • K. C. Reddy
  • K. Maliki

Abstract

Low-cost credit programs in developing countries have failed to achieve agricultural technology adoption goals. This research attributes the failure to the inability of poor farmers to bear the combined business and financial risks posed by adopting new technologies and develops proposals for the design of credit programs that reduce these risks. Agronomic and socioeconomic data are combined through simulation and mathematical programming to analyze problems of decision making under risk for developing countries. The results will assist in the design of new rural financial institutions conducive to the adoption of new production technologies by subsistence farmers.

Suggested Citation

  • M. A. Krause & R. R. Deuson & T. G. Baker & P. V. Preckel & J. Lowenberg-DeBoer & K. C. Reddy & K. Maliki, 1990. "Risk Sharing versus Low-Cost Credit Systems for International Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(4), pages 911-922.
    • Handle: RePEc:oup:ajagec:v:72:y:1990:i:4:p:911-922.
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    File URL: http://hdl.handle.net/10.2307/1242623
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    Citations

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    Cited by:

    1. Mole, Paulo Nicua, 2000. "Smallholder Cashew Development Opportunities and Linkages to Food Security in Nampula Province, Mozambique: Summary of Findings and Implications for Policy, Research and Extension Efforts," Food Security Collaborative Working Papers 56043, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. Jabbar, M. A. & Ehui, S. K. & Von Kaufmann, R., 2002. "Supply and Demand for Livestock Credit in Sub-Saharan Africa: Lessons for Designing New Credit Schemes," World Development, Elsevier, vol. 30(6), pages 1029-1042, June.
    3. Baidu-Forson, J. & Renard, C., 1996. "Comparing productivity of millet-based cropping systems in unstable environments of the Sahel: possibilities and challenges," Agricultural Systems, Elsevier, vol. 51(1), pages 85-95.
    4. Otima, Ruth M. A., 1994. "Predicting loan repayment performance: a case of Kenyan farm borrowers," ISU General Staff Papers 1994010108000018175, Iowa State University, Department of Economics.
    5. Lien, Gudbrand & Hardaker, J. Brian & Asseldonk, Marcel A.P.M. van & Richardson, James W., 2009. "Risk programming and sparse data: how to get more reliable results," Agricultural Systems, Elsevier, vol. 101(1-2), pages 42-48, June.
    6. Swinton, Scott M. & Black, J. Roy, 2000. "Modeling Of Agricultural Systems," Staff Paper Series 11581, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Fleming, Euan M. & Hardaker, J. Brian, 1993. "Micro-Level Approaches to Analysing Rural Development Problems," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 61(02), pages 1-14, August.
    8. Baidu-Forson, J. & Waliyar, F. & Ntare, B. R., 1997. "Farmer preferences for socioeconomic and technical interventions in groundnut production system in Niger: Conjoint and ordered probit analyses," Agricultural Systems, Elsevier, vol. 54(4), pages 463-476, August.
    9. Gudbrand Lien & J. Hardaker & Marcel Asseldonk & James Richardson, 2011. "Risk programming analysis with imperfect information," Annals of Operations Research, Springer, vol. 190(1), pages 311-323, October.
    10. Iheke, Onwuchekwa Raphael & Nwaru, Jude Chukwudi, 2013. "Innovation Adoption, Farm Productivity and Poverty Status of Rural Smallholder Farm Households in South-East, Nigeria," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161627, African Association of Agricultural Economists (AAAE).
    11. Anderson, Jock R., 2003. "Risk in rural development: challenges for managers and policy makers," Agricultural Systems, Elsevier, vol. 75(2-3), pages 161-197.
    12. Marsh, Sally P. & MacAulay, T. Gordon & Van Hung, Pham (ed.), 2006. "Agricultural Development and Land Policy in Vietnam," Monographs, Australian Centre for International Agricultural Research, number 114071.

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