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Credit to agriculture

Global and regional trends 2012–2020













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


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    Booklet
    Corporate general interest
    Agricultural production statistics 2000–2020 2022
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    FAOSTAT's agricultural production domain covers data on crops and livestock commodities as well as harvested areas, yields, and live and slaughtered animal numbers for 199 countries. The most recently released data elaborated by FAO's Statistics Division extend to 2020. For each time series, data are analysed using agricultural input, output, and productivity variables. Data are also available up to 2019 for some processed crop and livestock products that are synchronized with the Food Balance Sheets domain.
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    Booklet
    Corporate general interest
    Credit to agriculture
    Global and regional trends 2012–2021
    2022
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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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    Booklet
    Corporate general interest
    Credit to agriculture
    Global and regional trends 2013–2022
    2023
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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.

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