What should every Young Farmer know about Agro lending?
Goran Kovachev ()
MPRA Paper from University Library of Munich, Germany
Viable agricultural and rural development is almost impossible without additional finances. Agro lending allows additional capital accumulation necessary for agricultural households to increase its productivity, thus income. Unfortunately, financial institutions perceive agriculture as highly risky to be financed. In fact there are seven major risks immanent for agriculture: production, market, legal, human, technical, financial and political risks. Anyway, young farmers should not be frightened to apply for a loan. In contrary, financial institutions are far less reluctant to borrow to younger than senior farmers because of their courage, entrepreneurship and ability to understand modern agriculture and finance.
Keywords: young farmers; agriculture; agro-lending; loan; risks (search for similar items in EconPapers)
JEL-codes: G23 H89 Q14 (search for similar items in EconPapers)
Date: 2013-10, Revised 2013-10
New Economics Papers: this item is included in nep-agr
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Published in NGO MAGAZINE International Magazine about the NGO Sector 6 - October / 2013 (2013): pp. 12-12
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:51064
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