Livestock Economics, Marketing and Business Management

FARM CREDIT SYSTEM

• Livestock farming in the country today is moving towards high level of intensification.
•  In this context, introduction of high yielding breeds which demand a high dosage of biological inputs such as concentrate feed and fodder, medicines, growth promoters etc. have increased the demand for money very tremendously.
• Since a majority of farmers are engaged in small scale farming, they need money from outside sources to meet their cash requirements for various farm operations.
• They obtain such additional funds in the form of loans from private moneylenders, cooperative credit societies, or commercial banks etc.