Munich Personal RePEc Archive

What should every Young Farmer know about Agro lending?

Kovachev, Goran (2013): What should every Young Farmer know about Agro lending? Published in: NGO MAGAZINE International Magazine about the NGO Sector No. 6 - October / 2013 (October 2013): p. 12.

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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.

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