Purpose - This paper examines why farmers self-select out of formal credit markets even though they need external funds. Design/methodology/approach - We use probit and Bayesian probit estimators to detect the determinants of self-selection behavior based on a primary dataset of 2,212 rice...

This paper provides an overview of the various financial resources that existed in medieval Tirol to meet financial needs, using notary registers and court records from the 14 th century as sources. These provide ample evidence of an active capital and land market in rural areas, which offered...

Historically, agricultural credit programs have been used as a policy instrument to improve agricultural productivity and livelihoods of smallholder farmers. The effectiveness of such credit programs has been widely deliberated with an opaque unanimity being reached since yield is stochastic....

This study identified the determinants of cocoa farmers' access to credit in Ghana and estimated the impact of credit access on yield, yield gap, gross income, cost of production, and net income using propensity score matching. A total of 384 cocoa-farming households were included in the...

Microcredit, a financial tool providing uncollateralized loans to low-income individuals, has seen a shift from joint-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on borrowers matching into groups exposed to similar...

This paper proposes an estimator for the endogenous switching regression models with fixed effects. The decision to switch from one regime to the other may depend on unobserved factors, which would cause the state, such as being credit constrained, to be endogenous. Our estimator allows for this...

Promoting rural household agricultural entrepreneurship is a key way to increase farmers' income and achieve rural revitalization. In the growing digital economy, the ability to use the internet to access information is crucial for agricultural entrepreneurship. Based on the data of China Land...

We study the effect of warehouse receipt financing on terms of trade for farmers. With limited access to credit and storage facilities, farmers are compelled to sell their produce immediately after harvest at unfavourable prices. Warehouse receipt systems allow farmers to obtain loans with the...

This study explores whether financial literacy can enhance the ability to predict credit default by farmers using machine-learning models. It introduces a hybrid model combining k-means clustering and Adaboost to predict loan default using data on 10,396 farmers who obtained credit from Chinese...

This study aims to assess the economic impacts of the National Family Farming Strengthening Program (Pronaf) in the various Brazilian biomes. The impacts at the sectoral, regional, and macroeconomic levels, arising from increases in rural credit to farmers in Brazilian territory - family and...

Purpose - The purpose of this paper is to propose a model that will demonstrate how the integration of Salam (exclusive agricultural commodity trade) with Takaful (micro-Takaful - a subdivision of Islamic insurance) and value chain can address major challenges facing the agricultural sector in...

This study was conducted to examine factors affecting loan repayment performance of smallholder farmers in Jima Arjo district, East Wallaga, Oromia Region, Ethiopia. The study has used Purposive and proportionate sampling technique in order to select sampled kebeles and households, respectively....

Using a sample of a field survey of 24 villages in southern China, we study the effects of credit restrictions under the Forest Right Mortgages System (FRMS) in 2008 and how social capital can help alleviate farmers' credit constraints. We find that credit restrictions limit farmers’ credit...

Agriculture is the backbone of the Indian economy. Agriculture is very important for people to survive in the day to day life. Farmers are facing a lot of problems and due to which their productivity and profitability has reduced. Farmers are committing suicide and they don’t want to continue...

This study was conducted to examine factors affecting loan repayment performance of smallholder farmers in Jima Arjo district, East Wallaga, Oromia Region, Ethiopia. The study has used Purposive and proportionate sampling technique in order to select sampled kebeles and households, respectively....

Background: Agribusiness loans advanced by Agricultural Finance Corporation (AFC) in Mount Kenya Region have high default rate of 20.33% which compares unfavourably with 10% benchmark for all types of loans in Kenya. This is a challenge, given the strategic importance of agribusiness credit in...

Using 791 consistent households in the balanced panel, comprising 3,985 households in the unbalanced panel-from a nationally representative, multipurpose, five-round (1988, 2000, 2004, 2008, and 2014) Mahabub Hossain Panel Data in Bangladesh-we provide evidence for the long-term impact of...

This paper explores the impact of risk preference as well as interlinked credit and insurance contract on peasants' new technology adoption. The results show that (1) risk preference has a significant impact on peasants' adoption of innovative seeds, and the influence of exact probabilistic risk...

Access to agricultural credit is still a challenge in developing countries. The weakness of agricultural financing prevents producers from acquiring the modern technologies that are essential for the development of their activity. This paper aims to determine the impact of access to credit on...

This study aimed to examine the long and short-run relationships between credit market development and agricultural production using the Autoregressive Distributed Lags (ARDL) Bounds test for cointegration, as well as the direction of causality by using the Granger causality test. The results of...

Microfinance Institutions (MFIs) reach a large number of poor people who are not served by formal financial institutions and have been a prime element in the economic growth of countries like Ethiopia. To operate successfully MFIs have to make sure that the loan disbursed has to be repaid to...

This research aims to examine the mediating role of microfinance governance in the relationship between financial literacy and microfinance sustainability. The research used the purposive sampling method to collect data from the Women Farmers Group (WFG) "Tapa Walla Badi" in Mbatakapidu village,...

Kenyan farmers' Deposit-taking Savings and Credit Co- operatives (DT-SACCOs) have seen a drop in credit provision, from 9.6 % in 2022 to 5.2 % in 2023. Additionally, 52 % of these SACCOs have been declared illiquid due to imprudent lending practices. This has led to the closure or license...