Consolidating Farm Loans in Canada

Consolidating Farm Loans in Canada

It is a common practice for farmers to borrow from banks or other lenders before the start of the season and repay after the crop has been harvested. This has been going on for several years now and has helped many farmers to grow from small yields to bumper crops with a lot more land under their possession. However, it is possible that a few farmers end up defaulting or falling behind on their repayments causing a lot more financial problems to them and their families.

As a matter of fact, it was reported by one of Canada’s biggest farm lenders that few farmers from Western Canada had fallen behind on a small proportion of their loan payments this year. Of course the low number of farmers defaulting is actually good news considering farmers had to face weather related problems as well as smaller crops in 2010. However, even the slightest of problems in repayment is a default and can have a serious negative impact for the farmers in question.

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Agriculture Industry In India

Agriculture Industry In India
Agriculture in India has a long history. Since more than 10,000 years majority of Indians are dependent on the industry. As agriculture is counted the main business of most of the people, it plays a significant role in the overall socio economic development of the country. According to the Annual Report 2009-2010 of the Ministry of Agriculture the total geographical area of India is 328.7 million hectares of which 140.3 million hectares is net sown area, while 193.7 million hectares is the gross cropped area.

Among world nations, India is the largest producer of fresh fruits. It mainly produces Sesame seeds, fennel, badian, jute, cashew nuts, pulses, ginger turmeric, mangoes, chillies and peppers. India holds the second largest population of cattle. It has around 281million cattle.

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