The Use of Financial Technology in the Agriculture Sector
McIntosh, Craig; Mansini, Caio Scuarcialupi | September 2018
Abstract
The finance sector has a key role to play in allowing agriculture to contribute to economic growth and poverty reduction. A rapidly evolving technological landscape is opening up new possibilities to target and price credit, to share risk, and to harness information technology to expand agricultural productivity. At the same time, many obstacles are not technological, so it is important to look for strategic places where policy and investment can help to improve outcomes for agricultural households. Our analysis first situates agricultural finance in the Asian context, and then discusses the role of financial technology (FinTech) in driving new products in credit and risk markets. We examine linkages to mobile money, financial literacy, national identification systems, and blockchain technology. The paper concludes with a discussion of policy takeaways for FinTech in agriculture to promote growth, enhance financial inclusion, and improve regional economic integration.
Citation
McIntosh, Craig; Mansini, Caio Scuarcialupi. 2018. The Use of Financial Technology in the Agriculture Sector. © Asian Development Bank Institute. http://hdl.handle.net/11540/8867.Keywords
Sustainable agriculture
Commercial agriculture
Agricultural And Rural Development
Microenterprises Finance
Commercial Finance Companies
Enterprise Financing
Financial Analysis
Banking Finance And Investment
Agribusiness
Agroindustry
Agricultural institutes
Agricultural development
Joint projects
Business Financing
Investment Requirements
Insurance Companies
International Monetary Relations
International Financial Market
Exchange Rate
Insurance
Food Supply
Economic development
New agricultural enterprises
Cooperative agriculture
Government policy
Entrepreneurship
Rural land use
Land use
Natural resource
Water supply
Mill
Natural resource
Water
Irrigation systems
Insurers
Insurance stocks
Insurance holding companies
Insurance carriers
Insurance agencies
Business subsidies
Investment companies
International banks and banking
Stock exchanges
Agricultural diversification
Agricultural resource
Farm produce
Rice farming
Soil science
Agricultural information network
Agricultural landscape management
Farm management
Agricultural innovations
Technological innovations
Food Security
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