We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with...

We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with...

Matching grant programs administered to agricultural groups and cooperatives have emerged as a means of helping smallholder farmers to commercialize in Nepal. These programs help farmers to access information on new technologies, overcome barriers to productive investment, and connect with...

This paper investigates a viable alternative to traditional credit products through the development of risk-contingent credit for operating loans and farm mortgages and applies the concept to agricultural loans for pulse crops in India. We analyze daily commodity spot prices and design risk...

This paper uses a real-options model of a farming operation to show how standard loan contracts create incentives for farmers to focus on short-term financial performance at the expense of the farm's long-term natural capital. These incentives are a manifestation of the debt overhang problem....

In der vorliegenden Studie erfolgt eine regional differenzierte Analyse der Milchproduktion. Grundlage sind neben zahlreichen agrarstatistischen Quellen auch Expertenpanels in ausgewählten Regionen. Es werden Schlussfolgerungen über die künftige Standortorientierung der Milchproduktion...