POST RESETTLEMENT LOAN AND ITS IMPACT ON FARM INCOME IN NAMIBIA – AN ECONOMIC STUDY
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Date
2013-07-31
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University of Agricultural Sciences, GKVK
Abstract
Post resettlement loan is a medium term agricultural credit for
land reform beneficiaries. It aims to help them to meet their farming
needs at a competitive interest rate. The study analyzed growth of post
resettlement loan, its impact on growth of livestock enterprise. Further,
the study analysed cost and return from livestock enterprise, repayment
of the loan and factors influencing them. The study assessed the
constraints in availing and utilization of the loan toward resettlement.
Primary data was analysed using exponential growth model, Wilcoxon
signed–rank test, linear regression analysis, cost and return analysis and
percentages. Post resettlement loan disbursed showed positive
compound growth rate. There was a significant difference in the number
of livestock owned before and after the loan. There were weak
relationships between the dependent variable and independent variables
that were considered to be influencing number of livestock. Feed and
veterinary medicine formed the major cost component. Return per
Namibian dollar of cost incurred was N$5.5. Beneficiaries face no
difficulty in availing the post resettlement loan provided they have all
required documents. Beneficiaries repay the dues on time as the bank
has relaxed the repayment norms and has allowed borrowers to make
payment in any month of the year. An interest holiday in the loan
repayment schedule would enable farmers, who are new to commercial
farming, to settle down and learn the nuances of livestock farming.
Number of years considered to measure the impact of post resettlement
loan is insufficient, considering the nature of farming system.
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Keywords
developmental stages, livestock, grading, genes, biological phenomena, proteins, fertilizers, sexual reproduction, fruits, productivity