Arbeitspapier
Risk in agriculture as impediment to rural lending: the case of North-Western Kazakhstan
On the basis of portfolio selection theory, this paper finds that whole-farm risk must be regarded as a major reason for the low level of credit flow to agriculture in North-western Kazakhstan. A quadratic programming model was used in order (a) to demonstrate the comparatively high overall risk exposition of a typical farm, (b) to show that an inflow of working capital could contribute to risk reduction, and (c) to illustrate short-term risk management strategies. Although there may be a role for the government in reducing risk exposition of agriculture in its current form, natural and economic constraints suggest to pave the way for structural reforms that reduce the importance of agriculture in the rural economy.
- Language
-
Englisch
- Bibliographic citation
-
Series: Discussion Paper ; No. 24
- Classification
-
Wirtschaft
Agricultural Finance
Portfolio Choice; Investment Decisions
Optimization Techniques; Programming Models; Dynamic Analysis
- Subject
-
Agricultural credit
Kazakhstan
Portfolio selection theory
Risk programming
Agrarkredit
Kasachstan
Portfolio selection-Theorie
Risiko-Programmierung
Agrarkredit
Kreditrisiko
Portfolio-Management
Landwirtschaft
Risikomanagement
Nichtlineare Optimierung
Kasachstan
- Event
-
Geistige Schöpfung
- (who)
-
Petrick, Martin
Ditges, C. Markus
- Event
-
Veröffentlichung
- (who)
-
Institute of Agricultural Development in Central and Eastern Europe (IAMO)
- (where)
-
Halle (Saale)
- (when)
-
2000
- Handle
- URN
-
urn:nbn:de:gbv:3:2-22891
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Petrick, Martin
- Ditges, C. Markus
- Institute of Agricultural Development in Central and Eastern Europe (IAMO)
Time of origin
- 2000
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