Financing of agricultural and food supply chain /
Hardeep Sharan Singh.
- New Delhi, India : Random Publications, 2017
- 320 pages : illustrations ; 24 cm.
Includes bibliographical references and index.
Introduction -- Finance for agriculture and food processing -- Food supply and safety -- Agricultural production, food policy and security system -- Trends in agricultural economy -- Food production technology -- Industrial capitals economics for agricultural production.
"The food supply chain is a series of links and inter-dependencies, from farms to food consumers’ plates, embracing a wide range of disciplines. Agricultural economics graduates have become loan officers; managers of farm supply, equipment firms and grain elevators; sales representatives with chemical, seed, feed and fertilizer companies; economists with state and federal agencies; and commodity merchandisers. About 30% of the graduates choose to farm and ranch. Farmers often rely on unorganized sources of credit due to bottlenecks in access, timeliness in availability and adequacy of credit from organized sources. The key hurdles faced by banks in financing farmers are their inability to provide adequate collateral as security, and the potential for default, in the absence of an assured market for their produce. The simple view that money is irrelevant to real growth and that accumulation of money retards real growth has been replaced by more complex considerations of the role of finance in general, including monetary and non-monetary financial instruments and functions. This approach has led to the conclusion that finance affects production and that the financial system is a mobilization and allocation mechanism which transforms and distributes risk."--Back cover