Implications of farm credits
Agricultural science for S.S.S 1 Third Term
Week 10
Implications of farm credits
PERFORMANCE OBJECTIVES
Students should be able to:
- List and discuss problems faced by farmers in procuring agricultural credit.
Content
Implications of farm credits or problems militating against farmers in securing loans.
The procurement of loans or credits for farming activities is associated with some implications. In other words, farmers find it difficult to get loans from banks because of the following reasons:
- Interest rate:
Interest rate is the rate at which farmers can borrow money from the bank, i.e., the amount of interest a farmer will have to pay on the money borrowed. High-interest rate discourages borrowing while low-interest-rate encourages borrowing. Therefore, farmers cannot borrow when the interest rate is too high.
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- Sources of farm power
- Mechanization
- Prospects of Mechanization
- Problems of Mechanization
- Prospects of Mechanization (II)
- Agricultural Science SSS1 Third Term Mid-Term Assessment
- Test
- Farm manager
- FACTORS OF PRODUCTION
- Agricultural financing
- Agricultural financing (II)
- Implications of farm credits
- Agricultural Science SSS1 Third Term Final Assessment
- Test
- Chapters 12
- Category SSS1
- Author ClassNotes Edu
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