The Role of Commercial Banks in Financing Agricultural Projects

The Role of Commercial Banks in Financing Agricultural Projects

The Meaning of Agricultural Finance

According to Adegeye and Dittojh (1980) , “Agricultural finance is concerned with Agricultural contribution and share of the national or state resources as well as the role of individual banks and other financial institution played in the financing of Agriculture as a sector of the economy. This can be in the form, of providing fund for the farmers or providing farmers input such as seedlings, machinery’s storage facilities etc, intended by both the farmer and the lender to either increase the   wealth of the farmers, to provide agricultural   export and consequently foreign exchange, it is equally meant to supply food and raw materials for the teeming population and agro – allied industries respectively.    [Read more…]