Comparative Analysis of Agricultural Credit System and Organization in Selected Countries
International Journal of Applied Agricultural Sciences
Volume 3, Issue 5, September 2017, Pages: 123-135
Received: Jun. 26, 2017; Accepted: Jul. 19, 2017; Published: Sep. 9, 2017
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Authors
Erdogan Gunes, Department of Agricultural Economics, Ankara University, Ankara, Turkey
Hormoz Movassaghi, Department of Finance and International Business, Ithaca College, Ithaca, USA
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Abstract
The agricultural sector has been a key economic force in all countries, developed and developing alike. To assist farmers with their financing needs, countries have established different agricultural credit systems and organizations depending on their overall needs, goals, and historical contextual background. Such structural considerations as the aggregate size of farm lands, diversity in production systems, and farmers’ needs and wants have played an important role in shaping the evolution of agricultural credit organizations around the world. In this study, the agricultural credit systems in select developed and developing countries which offer a mix of very advanced, intermediate, and evolving systems are compared. This research aims to identify key difference of agricultural credit systems with regards to the main actors involved (governmental/private banks, credit cooperative, etc.), application processes, terms and conditions, types, and priorities. The study identifies several agricultural credit systems which reflect countries’ political, economic and structural properties.
Keywords
Agricultural Credit Systems, Financial Institutions, USA, Emerging Economies
To cite this article
Erdogan Gunes, Hormoz Movassaghi, Comparative Analysis of Agricultural Credit System and Organization in Selected Countries, International Journal of Applied Agricultural Sciences. Vol. 3, No. 5, 2017, pp. 123-135. doi: 10.11648/j.ijaas.20170305.14
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Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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