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003			ZW-GwMSU
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008			240428b |||||||| |||| 00| 0 eng d
022			_a21606544
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHC79 JOU
100	1		_aRanjan, Ram _eauthor
245	1	0	_aThe role of credit in enhancing drought resilience in agriculture/ _ccreated by Ram Ranjan
264	1		_aAbingdon: _bTaylor and Francis, _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aJournal of environmental economics and policy _vVolume 2, number 3
520	3		_aCredit constraints can undermine livelihood sustenance strategies of farmers faced with prolonged droughts. Marginal farmers with low wealth endowments could be especially vulnerable. The model developed in this paper explores the role of credit in enhancing long-term drought resilience. When repeated droughts increase reliance upon groundwater resources, credit availability may promote or undermine groundwater sustainability. Timely availability of credit can be used for water-saving technology adoption and towards maintaining minimum consumption levels during drought years. It is demonstrated here that high costs of credit coupled with a high risk of repeated droughts occurring in the future could be detrimental to groundwater sustainability. This is counter to the earlier findings in the literature that cheap credit could be damaging to groundwater sustainability. The duration to credit maturity also has a bearing on farmers’ groundwater extraction strategies and hence there could be a role for credit granting financial institutions in influencing sustainable outcomes. Specifically, medium-term loans have a better effect on groundwater sustainability as compared to long-term loans.
650			_aCredit constraints _vFarm credit _xRepeated droughts
650			_aLivelihood resilience _vIrrigation technology adoption _xDrought resilience
856			_uhttps://doi.org/10.1080/21606544.2013.827591
942			_2lcc _cJA
999			_c165135 _d165135