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Credit cooperatives in Israeli agriculture, Volume 1
Author:Kislev, Yoav; Lerman, Zvi; Zusman, Pinhas; Country:Israel;
Date Stored:1989/03/01Document Date:1989/03/31
Document Type:Policy Research Working PaperSubTopics:Environmental Economics & Policies; Economic Theory & Research; Banks & Banking Reform; Strategic Debt Management; Financial Intermediation
Language:EnglishMajor Sector:Agriculture, fishing, and forestry
Region:Middle East and North AfricaReport Number:WPS156
Sub Sectors:Other AgricultureCollection Title:Policy, Planning and Research Department working papers ; no. WPS 156
Volume No:1  

Summary: In the last two or three decades, moshavim and kibbutzim developed entensively, adopted new technologies, reacted quickly to changes in market conditions, and established a network of farm services owned and operated by farmers and their representatives. Financial cooperation helped to make this intensive development possible and was effective when appropriate conditions prevailed. Cooperation in credit also caused overexpansion and overinvestment. Debt grew to crisis proportions. When macroeconomic conditions changed and the expansion of credit slowed down, the sector found itself trapped in financial impossibilities. Now cooperation ties farmers and organizations together and intensifies the dimensions of the crisis.

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