Undermining Rural Development With Cheap Credit

Undermining Rural Development With Cheap Credit
Author: Dale W Adams
Publisher: Westview Press
Total Pages: 342
Release: 1984-09-13
Genre: Business & Economics
ISBN:

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Conference papers on effect of agricultural credit and rural area financial markets on rural development in developing countries - includes case studies; examines problems with moneylenders; looks at interest rate policies, credit costs and soundness of cheap credit; analyses relationships between politics and financing, incl. The subsidyzing of credit; suggests alternatives such as informal savings mobilisation, credit for rural industries, etc. Graphs, references and statistical tables. Conference held in Washington 1981.

Agricultural Credit Conditions, Problems, and Legislative Proposals, Relating to the Farmers Home Administration, the Farm Credit System, and Commercial Farm Lenders

Agricultural Credit Conditions, Problems, and Legislative Proposals, Relating to the Farmers Home Administration, the Farm Credit System, and Commercial Farm Lenders
Author: United States. Congress. House. Committee on Agriculture. Subcommittee on Conservation, Credit, and Rural Development
Publisher:
Total Pages: 1280
Release: 1988
Genre: Agricultural credit
ISBN:

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Agricultural Credit Conditions, Problems, and Legislative Proposals, Relating to the Farmers Home Administration, the Farm Credit System, and Commercial Farm Lenders

Agricultural Credit Conditions, Problems, and Legislative Proposals, Relating to the Farmers Home Administration, the Farm Credit System, and Commercial Farm Lenders
Author: United States. Congress. House. Committee on Agriculture. Subcommittee on Conservation, Credit, and Rural Development
Publisher:
Total Pages:
Release: 1988
Genre: Agricultural credit
ISBN:

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Undermining Rural Development With Cheap Credit

Undermining Rural Development With Cheap Credit
Author: Dale W Adams
Publisher: Taylor & Francis
Total Pages: 337
Release: 2021-11-28
Genre: Social Science
ISBN: 1000002578

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Originally published in 1985, twenty-three chapters are brought together in 4 parts dealing with, respectively, problems in rural finance, interest rate policies, politics and finance, and new directions for rural financial markets. In an introduction it is argued that cheap and abundant credit is often regarded as essential for rural development but that actions taken on the basis of this assumption have given disappointing results. Low-interest policies and the improper use of financial markets are seen as the principal reasons for this. It is recommended that higher and more flexible interest rates are allowed and that little or no attention is given to target loans. Informal lenders are thought to offer valuable services therefore they should not be discouraged. More emphasis should be put on voluntary savings mobilization and access to formal loans by non-farm rural firms. It is concluded that many traditional agricultural credit programmes are counterproductive and that attractive product and input prices together with higher yields would be more powerful in stimulating agricultural development.

Rural Wealth Creation

Rural Wealth Creation
Author: John L. Pender
Publisher: Routledge
Total Pages: 328
Release: 2014-06-05
Genre: Business & Economics
ISBN: 1135121893

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This book investigates the role of wealth in achieving sustainable rural economic development. The authors define wealth as all assets net of liabilities that can contribute to well-being, and they provide examples of many forms of capital – physical, financial, human, natural, social, and others. They propose a conceptual framework for rural wealth creation that considers how multiple forms of wealth provide opportunities for rural development, and how development strategies affect the dynamics of wealth. They also provide a new accounting framework for measuring wealth stocks and flows. These conceptual frameworks are employed in case study chapters on measuring rural wealth and on rural wealth creation strategies. Rural Wealth Creation makes numerous contributions to research on sustainable rural development. Important distinctions are drawn to help guide wealth measurement, such as the difference between the wealth located within a region and the wealth owned by residents of a region, and privately owned versus publicly owned wealth. Case study chapters illustrate these distinctions and demonstrate how different forms of wealth can be measured. Several key hypotheses are proposed about the process of rural wealth creation, and these are investigated by case study chapters assessing common rural development strategies, such as promoting rural energy industries and amenity-based development. Based on these case studies, a typology of rural wealth creation strategies is proposed and an approach to mapping the potential of such strategies in different contexts is demonstrated. This book will be relevant to students, researchers, and policy makers looking at rural community development, sustainable economic development, and wealth measurement.

Rural Financial Markets in Developing Countries

Rural Financial Markets in Developing Countries
Author: Von Pischke, J. D.
Publisher: Johns Hopkins University Press
Total Pages: 464
Release: 1983
Genre: Business & Economics
ISBN:

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Until recently the use of agricultural credit as a developmental tool seemed clear and straightforward. Most concerned people believed that increases in the volume of cheap credit were necessary to boost agricultural production, and that the rural poor could be brought into the mainstream of development through supervised credit programs. It seemed that certain ideal types of rural credit institutions offered the promise of meeting farmers' credit needs, and that experience in the industrialized countries with cooperatives and specialized agricultural finance institutions could be effectively transplanted to low-income countries. This collection of readings highlights facets of rural financial markets that have often been neglected in discussions of agricultural credit in developing countries. It moves beyond a narrow concern with the simple provision of credit to a broad consideration of the performance of rural financial markets and of ways to improve the quality and range of financial services for low-income farmers. It reflects new thinking on the design, administration, evaluation and policy framework of rural finance and credit programs in developing countries.

Institutional versus noninstitutional credit to agricultural households in India: Evidence on impact from a national farmers’ survey

Institutional versus noninstitutional credit to agricultural households in India: Evidence on impact from a national farmers’ survey
Author: Kumar, Anjani
Publisher: Intl Food Policy Res Inst
Total Pages: 36
Release: 2017-03-02
Genre: Political Science
ISBN:

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A goal of agricultural policy in India has been to reduce farmers’ dependence on informal credit. To that end, recent initiatives have been focused explicitly on rural areas and have had a positive impact on the flow of agricultural credit. But despite the significance of these initiatives in enhancing the flow of institutional credit to agriculture, the links between institutional credit and net farm income and consumption expenditures in India are not very well documented. Using a large national farm household–level dataset and instrumental variables two-stage least squares estimation methods, we investigate the impact of institutional farm credit on farm income and farm household consumption expenditures. Our findings show that in India, formal credit is indeed playing a critical role in increasing both the net farm income and per capita monthly household expenditures of Indian farm families. We also find that, in the presence of formal credit, social safety net programs such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) may have unintended consequences. In particular, MGNREGA reduces both net farm income and per capita monthly household consumption expenditures. In contrast, in the presence of formal credit, the Public Distribution System may increase both net farm income and per capita monthly household consumption expenditures.