Credit cooperatives in Israeli agriculture

Yoav Kislev, Zvi Lerman () and Pinhas Zusman

No 156, Policy Research Working Paper Series from The World Bank

Abstract: In the last two or three decades, moshavim and kibbutzim developed entensively, adopted new technologies, reacted quickly to changes in market conditions, and established a network of farm services owned and operated by farmers and their representatives. Financial cooperation helped to make this intensive development possible and was effective when appropriate conditions prevailed. Cooperation in credit also caused overexpansion and overinvestment. Debt grew to crisis proportions. When macroeconomic conditions changed and the expansion of credit slowed down, the sector found itself trapped in financial impossibilities. Now cooperation ties farmers and organizations together and intensifies the dimensions of the crisis.

Keywords: Banks&Banking Reform; Environmental Economics&Policies; Economic Theory&Research; Financial Intermediation; Strategic Debt Management (search for similar items in EconPapers)
Date: 1989-03-31
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Citations: View citations in EconPapers (4)

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