To illustrate the impact of rising rates on the overall farm sector
, they perform a scenario analysis to uncover how rising interest rates influence repayment risks.
With farmland accounting for three-fourths of all assets in the farm sector
, the weakness in the land market translated into equity losses of 30 percent in the balance sheet of the farm sector
nationwide and 50 percent to 60 percent (nominal dollar terms) in Illinois, Indiana, and Iowa.
DAMAGE to the farm sector
by the weak El Nino has gone up to P5.05 billion, with estimated volume losses of 276,568 metric tons (MT) and 164,672 farmers affected, the Department of Agriculture (DA) said on Tuesday.
'Simply put, the farm sector
had virtually zero contribution to economic growth last year,' Diokno added.
posts 1% growth in 2018 !-- -- Louise Maureen Simeon (The Philippine Star) - January 11, 2019 - 12:00am MANILA, Philippines The local agriculture sector managed to grow by one percent last year despite the consecutive weather disturbances that hit the country which damaged P36 billion worth of crops, particularly rice.
It not only inhibits investment in the farm sector
but put pressure on the fiscal of states which undertake farm loan waiver, he said.
Minister for Agriculture, Supply and Prices Mohammad Ismail Rahu said at the first session of the convocation as chief guest that the country's economy heavily depended on farm sector
New Delhi: Finance Minister Arun Jaitley Tuesday made a case for blending subsidy with investment to augment farm sector
growth and make it sustainable and self-sufficient.
Recent farm sector
trends, including rising debt and declining income, have led to comparisons between agriculture's current economic environment and the period leading up to the farm financial crisis.
While addressing a seminar on Agricultural Debt Waiver - Efficacy and Limitations earlier in the day, Patel said, "While in no way detracting from the acute distress that farmers face with every disruption in crop cycles, it is important to recognise that there are externalities that spill over beyond the farm sector
. Eventually, other economic agents and other parts of the economy get affected.
Apparently aiming to please the farm sector
which has been hard hit by low productivity and falling commodity prices, the chief minister provisioned large amounts to the sector.