MINUTES OF THE MEETINGS OF THE AGRICULTURAL CREDIT PLANNING BOARD 1960-1969 - 農業知識入口網

作者	Joint Commission on Rural Reconstruction
出版機關	農復會

The establishment of a sound agricultural credit system through institutional improvement has been the major goal in implementing agricultural credit programs in Taiwan. In this process, private lending to farmers was gradually replaced by institutional credit. In 1967, as much as 81 per cent of the farmers\' credit needs was financed by the agricultural banks, JCRR, farmers\' associations credit departments, and government enterprises, with the other 19 per cent coming from private sources such as merchants, relatives, and friends. This was a substantial change from the situation in the late forties when private money lenders played a predominant role in agricultural credit and financing, supplying 82 per cent of the agricultural credit for farmers in 1949.