Mejora de prácticas y políticas para créditos agrícolas en el Perú

Abstract

The paper argues that agricultural loans granted by commercial banks in Peru are not being properly structured because they have not adequately considered the additional risks faced regarding commercial loans. Therefore, in order to improve their credit practices and policies, they require (i) to understand in detail the functioning of production and price formation processes in agricultural markets and (ii) to seek adequate measures to cover the risks that are not controllable by them or by farmers. The first aspect aims to reduce existing information asymmetries to contribute to lower interest rates and better structure financing, especially with credits in national currency indexed to inflation for agricultural loans that are not directed to exports. The second aspect is to manage price risk with the access to an efficient and decentralized agricultural commodity exchange, while climatic and biological risks should be covered by agricultural insurances.