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Agricultural Credit

   Also found in: Encyclopedia 0.01 sec.
Agricultural Credit
Any loan or other extension of credit that a bank provides for agricultural or other rural use. Most agricultural credit finances farmers or ranchers as they plant crops, buy equipment, harvest, or do other things necessary for operations but from which profits will not be realized for quite some time. The term of agricultural credit depends on how expensive the product or project it intends to finance is. See also: Federal Farm Credit Bank, Farmer Mac.


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He added that agricultural credit is deemed a crucial strategy to limit rural exodus as well as it contributes to fighting desertification, and hence to boosting national economy.
Kardar, has constituted a special committee which will devise a strategy in consultation with Federal and Provincial Governments and other stakeholders for growth of agricultural credit in the country.
Kardar, has constituted a special committee which will devise a strategy in consultation with Federal and Provincial Governments and other stakeholders for growth of agricultural credit in the country.
 
 
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