Philippine Institute for Development Studies
Surian sa mga Pag-aaral Pangkaunlaran ng Pilipinas

Follow Us:

DP 2012-28Credit Subsidy in Philippine Agriculture
Casuga, Magdalena S.,Geron, Maria Piedad S.

This study attempts to measure subsidies to agricultural credit in recent years and provides policy implications. It finds that credit policy has evolved, from provision of subsidized credit to one that is more market-oriented, focusing on providing access to credit to farmers while exposing them to market interest rates. Nevertheless, there remains a significant public outlay for credit largely through unintended default subsidy. It recommends that publicly supported credit be provided solely through competent government financial institutions under independent regulatory oversight, rather than through agencies (such as the Agricultural Credit Enhancement Fund) or through government-owned and controlled corporations (such as QUEDANCOR). Government may also need to invest in other support services that would attenuate agricultural risk and encourage greater private sector participation in agricultural lending.

keywords:Philippines,credit subsidy,market-oriented policy,default risk,risk reduction
Download PDF copy


DP # Title
DP 2012-42 Conditional Cash Transfer Program in the Philippines: Is It Reaching the Extremely Poor?
DP 2012-41 Managing the ASEAN Economic Integration Process in the Philippines: An Assessment of Progress in Trade Liberalization and Facilitation
DP 2012-40 Assessment of Prospective Impact of Fruits and Vegetables Research at the Industry Level in the Philippines: the Case of the ACIAR-PCAARRD Horticulture Project
DP 2012-39 Unfair Trade Practices in the Philippines
DP 2012-38 ASEAN+1 FTAs and the Global Supply Chain in East Asia: the Case of the Philippine Automotive and Electronics Sectors
DP 2012-37 Rules of Origin in ASEAN+1 FTAs and the Value Chain in East Asia
DP 2012-36 Impacts of Natural Disasters on Agriculture, Food Security, and Natural Resources and Environment in the Philippines
DP 2012-35 Philippines 2007 National Transfer Accounts: Consumption, Income, and Intergenerational Reallocation of Resources - Revised Estimates
DP 2012-34 Implications of Philippine Trends in Education Financing and Projected Change in School-age Population on Education Expenditures by Income Group: Using National Transfer Accounts Results
DP 2012-33 Philippines 2007 National Transfer Accounts: Financing Consumption and Lifecycle Deficit by Income Group
DP 2012-32 Philippines 2007 National Transfer Accounts: Consumption, Labor Income, and Lifecycle Deficit by Income Group
DP 2012-31 Filipino Elderly Living Arrangements, Work Activity, and Labor Income as Old-age Support
DP 2012-30 Implications of Projected Philippine Population Growth, Age Structure Change, and Aging: Using National Transfer Accounts Results
DP 2012-29 Philippines 2007 National Transfer Accounts: Consumption, Income, and Intergenerational Reallocation of Resources
DP 2012-28 Credit Subsidy in Philippine Agriculture
DP 2012-27 Rice Prices and the National Food Authority
DP 2012-26 Monitoring and Evaluation of Agricultural Policy Indicators
DP 2012-25 An Assessment of TESDA Scholarship Programs
DP 2012-24 Improvement of the Implementation Procedures and Management Systems for the Health Facilities Enhancement Grant of the DOH
DP 2012-23 Assessing the Resilience of ASEAN Banking Systems: the Case of the Philippines
DP 2012-22 A Macroprudential Framework for Monitoring and Examining Financial Soundness
DP 2012-21 Finding Solutions to the Mindanao Electric Power Problem
DP 2012-20 Progress in Ratification and Implementation of ASEAN Protocols and Agreements in the Philippine Transport Sector
DP 2012-19 The Impact of Trade Liberalization and Economic Integration on the Logistics Industry: Maritime Transport and Freight Forwarders
DP 2012-18 The ASEAN Economic Community Blueprint: Implementation and Effectiveness Assessment for Philippine Agriculture
DP 2012-17 Comparative Study on the Different Free Trade Agreements Entered Into by Japan with other Asian Countries
DP 2012-16 Examination of Intense Climate-related Disasters in the Asia-Pacific
DP 2012-15 Regional Cooperation in Education: Issues for Developing Countries in the Asia-Pacific
DP 2012-14 Use of the Agricultural Competitiveness Enhancement Fund (ACEF) by the Department of Agriculture
DP 2012-13 Review of the Cheaper Medicines Program of the Philippines: Botika ng Barangay, Botika ng Bayan, P100 Treatment Pack, and the Role of PITC Pharma, Inc. in Government Drug Procurement
DP 2012-12 The Impact of Infrastructure on Agricultural Productivity
DP 2012-11 Philippine Productivity Dynamics in the Last Five Decades and Determinants of Total Factor Productivity
DP 2012-10 Surviving Trade Liberalization in Philippine Manufacturing
DP 2012-09 Poverty and Agriculture in the Philippines: Trends in Income Poverty and Distribution
DP 2012-08 Interregional Trade of High-value Fruits and Vegetables: Issues on Transport and Shipping
DP 2012-07 Primary Education: Barriers to Entry and Bottlenecks to Completion
DP 2012-06 Trade Reforms, Competition, and Innovation in the Philippines
DP 2012-05 Small and Medium Enterprises` (SMEs) Access to Finance: Philippines
DP 2012-04 Inequities in Noncommunicable Diseases
DP 2012-03 Rationalizing National Government Subsidies for State Universities and Colleges
DP 2012-02 Consistent GDP Aggregation and Purchasing Power Parity
DP 2012-01 Profile of Out-of-School Children in the Philippines

NEDA sa Makati Building
106 Amorsolo Street, Legaspi Village
1229 Makati City, Philippines
Tel.: (63-2) 892-4059; 893-5705; 894-2584
Fax: (63-2) 893-9589

Terms of Use . Sitemap . Contact
©2012 PIDS. All Rights Reserved.