Increasing productivity among small farmers and fisherfolk (SFF) is important if the country is to further reduce poverty. In 2019, the AFF sector accounted for 9.2 percent of GDP and slightly less than a fourth of total employment, but still accounted for majority of the poor. The provision of...

Matching grant programs administered to agricultural groups and cooperatives have emerged as a means of helping smallholder farmers to commercialize in Nepal. These programs help farmers to access information on new technologies, overcome barriers to productive investment, and connect with...

Small farms in the US have significant challenges in financial management. This study examines how small farmers undertake farm financial management to meet their agricultural and farm-related spending and expenses. Using primary survey data from Tennessee, the study investigates the factors...

Investment in agriculture is very crucial in the present situation of Nigeria. The effort to overcome food insecurity can only be efficacious if steps in the right direction will be taken. At this juncture in the Nigerian economic history, the right step to take is to adequately finance...

In this work, we aim to study the implications of the interest rate cap in an emerging economy. To do so we develop a two-period banking model with entrepreneurs that undertake risky projects and with formal and informal lenders. Entrepreneurs are heterogeneous in their level of net worth. We...

Agriculture is the backbone of our economy and its prosperity can largely be responsible for the well being of the entire economy. Farm finance has a place of pride in the agro-socio-economic development of the country both at micro and macro levels. Its catalystic role strengthens the farming...

The economic collapse of the 1930s coupled with years of drought caused unprecedented problems for farmers in Saskatchewan. In particular, low wheat prices and depressed global markets caused farmers to become overindebted. Parliament responded with the Farmers’ Creditors Arrangement Act,...

For agricultural productivity, credit is a necessary input. India's economy is based mostly on agriculture. The Kisan Credit Card (KCC) seeks to offer farmers timely and appropriate funds in a flexible and cost-effective manner. The inauguration of the Kisan Finance Card Scheme is a watershed...

Under-utilisation of land as collateral for loans is often attributed to the poor quality of the land records infrastructure, which is seen to both increase the cost of closing credit transactions and the risk in collection if a loan fails. In this paper, we examine the link between the...

We use a multiyear multiarm randomized controlled trial implemented among 1053 smallholders in Kenya to evaluate ex-ante investment and ex-post productivity and welfare benefits of risk-contingent credit (RCC), comparing it with traditional credit (TC). We rely on local average treatment effects...

Collective action (CA) allows individuals to overcome market and state failures, something particularly relevant in rural areas and highly imperfect markets such as agricultural credit. To analyse the relation between CA in the form of Rural Producer Organizations (RPOs) and access to...

The pricing of financing credit for SMEs under government credit enhancement is an important pattern to solve the financing difficulties of SMEs. Using the data of SMEs credit guarantee fund from Wenzhou, this paper studies the cost of credit under government credit enhancement from three...

The paper had the objective of determining the impact of informal credit on agricultural production in Awka South Local Government Area (LGA) in Anambra State. A field survey was conducted to collect data from 150 randomly selected farmers in the LGA. Descriptive and econometric methods were...

Agriculture plays a crucial role in the development of Indian economy. It accounts for about 19 percent of GDP and about two thirds of the populations dependent on agriculture, 60 percent companies are based on agriculture produce, 50 percent national income by Indian farmers. Agriculture is the...

Do agricultural producers forgo otherwise profitable investments due to civil conflict? Answering this question is crucial to our understanding of the costs of violence, but requires the ability to measure farmers’ willingness to invest and access to exogenous variation in conflict intensity....

This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans provided by a national public development finance institution (DFI). In contrast to most of the existing literature, the study focuses on the effect of medium-sized loans over a two-...

This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans provided by a national public development finance institution. In contrast to most of the existing literature, the study focuses on the effect of medium-sized loans over a two- to...

Collective action (CA) allows individuals to overcome market and state failures, something particularly relevant in rural areas and highly imperfect markets such as agricultural credit. To analyse the relation between CA in the form of Rural Producer Organizations (RPOs) and access to...

Purpose: This study examines agricultural lending by commercial banks and the competition they face from the Farm Credit System and non-traditional lenders, including merchants, dealers, and other input suppliers. Design/methodology/approach: We construct a measure of commercial banks' perceived...

We examine the impact of overdue debts in small villages in one of Hungary's most disadvantaged regions. We find that a significant number of debtors with overdue debts permanently escape from debt collectors. Accordingly, in our sample, overdue debts reduce the likelihood of declared work by 14...

The unique feature of the rural credit market in China is the dominance of zero collateral and zero-interest reciprocal lending and its long-term coexistence with the formal loan. This paper investigates the association between formal credit constraint and prevalence of reciprocal loans in rural...

In Romania we are at the conclusion of the second agricultural financing program since the country's adherence to the European Union and in the transition period towards the next financial exercise. The experience and effects of the first program, that took place between 2007 and 2013, led to a...

This study is descriptive research, which looks into the role of women in farming practices and involvement in decisions about choice of farming practice, credit availment, and allocation of farming income. This was conducted in two TSPI Branches in Pangasinan, namely Mangatarem and Bugallon. A...

Do agricultural producers forgo otherwise profitable investments due to civil conflict?Answering this question is crucial to our understanding of the costs of violence, but requires the ability to measure farmers’ willingness to invest and access to exogenous variation in conflict intensity....

Do agricultural producers forgo otherwise profitable investments due to civil conflict? Answering this question is crucial to our understanding of the costs of violence, but requires the ability to measure farmers' willingness to invest and access to exogenous variation in conflict intensity. We...

The objective of this article is to measure the impact of access to agricultural credit on the productivity of farmers in Togo. The results show that there is a difference between farmers who have access to credit and those who do not. Also, farmers with access to credit have higher productivity...

Credit constraint is considered by many as one of the key barriers to adoption of modern agricultural technologies, such as chemical fertilizer, improved seeds, and irrigation technologies, among smallholders. Past research and much policy discourse associates agricultural credit constraints...

This paper studies how loan officers and machine learning algorithms differentially respond to revealed demographics of loan applicants in a developing country. I conducted an experiment in Pakistan involving 30 loan officers and 5,500 digitally submitted loans. The intervention assigned loans...

The fluctuations in incomes inherent in rural communities can be attenuated by reciprocal insurance. We develop a model of such insurance based on self-interested behaviour and voluntary participation. One individual assists another only if the costs of so doing are outweighed by the benefits...

The purpose of this study is to bring out the role of financial intermediation in food production and food security. Pakistan is among one of those countries which are food insecure. Agriculture credit can increase the food production which ensures the food security. The widely accepted...

Increasing productivity among small farmers and fisherfolk (SFF) is important if the country is to further reduce poverty. In 2019, the AFF sector accounted for 9.2 percent of GDP and slightly less than a fourth of total employment, but still accounted for majority of the poor. The provision of...

Agriculture is a risky and often expensive activity, where due to unpredictable weather conditions, crops may suffer and implicitly farm yields and incomes that may be significantly affected. The paper presents the main sources of subsidies used in agriculture, as well as the role they played in...