What should every Young Farmer know about Agro lending?

Goran Kovachev

MPRA Paper from University Library of Munich, Germany

Abstract: 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
References: Add references at CitEc
Citations:

Published in NGO MAGAZINE International Magazine about the NGO Sector 6 - October / 2013 (2013): pp. 12-12

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/51064/1/ngomagazine6.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:51064

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().