Credit to agriculture

FAO

Credit to agriculture

Global and regional trends 2012–2020

Year of publication 2022

Place of publication Rome, Italy ;

Pages 7p.

Author FAO

Publisher FAO ;

Product type Booklet

Series title FAOSTAT Analytical Briefs

Series number No. 38

Edition 1

Full item page

Synopsis (short abstract) Access to formal credit is critical to farmers for purchasing inputs such as seeds, fertilizers, plant protection materials or animal feed. In the absence of personal savings, borrowing from informal sources (such as moneylenders, relatives and friends) may involve unduly high interest rates and unfavourable conditions, which may make many agricultural operations uneconomical. The lack of access to credit is particularly problematic for farmers as there is a gap between the time that money is spent on cultivating crops or raising livestock, and the time money is made from the sale of the products. Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers or to rural households, to agricultural cooperatives or to any agri-related businesses. FAOSTAT provides credit data series from 1991 to 2020. This briefs analyzes the global and regional trends for the period 2012 to 2020.

Cite this content as:

FAO. 2022. Credit to agriculture. Global and regional trends 2012–2020. FAOSTAT Analytical Brief Series No. 38. Rome.

Language English

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Access to formal credit is critical to farmers for purchasing inputs such as seeds, fertilizers, plant protection materials or animal feed. In the absence of personal savings, borrowing from informal sources (such as moneylenders, relatives and friends) may involve unduly high interest rates and unfavourable conditions, which may make many agricultural operations uneconomical. The lack of access to credit is particularly problematic for farmers as there is a gap between the time that money is spent on cultivating crops or raising livestock, and the time money is made from the sale of the products. Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers or to rural households, to agricultural cooperatives or to any agri-related businesses. FAOSTAT provides credit data series from 1991 to 2021. This briefs analyses the global and regional trends for the period 2012 to 2021.
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FAOSTAT provides credit data series from 1991 to 2022 for over 130 countries. Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, to rural households, to agricultural cooperatives or to any agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of their monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. In 2022, credit to agriculture reached USD 1 099 billion, an increase of USD 127 billion (or 13 percent) compared with USD 972 billion in 2013. Yet, the growth in credit to agriculture was slower than in other sectors, as the share of agriculture in total credit declined between 2013 and 2022 from 2.77 percent to 2.26 percent.