How Agricultural Credit Serves Agricultural Development in Jordan

Abstract

This paper studies the consequences of agricultural credit on agricultural development in Jordan. To realize the study's purpose, a number of statistical methods were used, including econometric and descriptive statistics. The researcher used the official Jordan Agricultural Credit Corporation database along with a questionnaire design to serve the study purpose, as well as semi-structured interviews to collect the study information. T-test indicated the administrative and human obstacles of the Agricultural Credit Corporation does not serve agricultural development with no statistically significant. On the other hand, estimating the impacts of credit on agricultural output showed that the value of the financial-balance coefficient was negative in some years of study, which indicates the existence of a state deflation and the increase in the volume of agricultural output achieved by a higher rate than the increase in loans granted.