The abolition of subsidies and privileges tend to reduce the profitability of farming sharply. The impact is most severe on farmers who have borrowed large sums from banks, especially since real interest rates tend to be high during adjustment. In such circumstances, farmers and banks often band together to demand a government bail-out through generalized debt relief, and governments have often given in--Brazil, Colombia, Mexico. This is economically...
Voir la suite
INFORMATION
-
1995/08/31
-
Bulletin d’information
-
22754
-
1
-
1
-
2010/07/01
-
Market-assisted land reform : helping solve a debt crisis
-
farmer