Thesis (BS Agribusiness) - Mariano Marcos State University

Bibliography: leaves 40-41.

ABSTRACT TERRENAL, TRICIA C. 2021. Crop Production Loan of Hybrid Rice- Farmers in Vintar, Ilocos Norte. Undergraduate Thesis. College of Agriculture, Food and Sustainable Development. Mariano Marcos State University, City of Batac, 2906 Ilocos Norte. 54pp. Adviser: Mrs. Ethel Reynda M. Calivoso Co-adviser: Ms. Jessica Marata The study was conducted in the selected barangays of Vintar, Ilocos Norte namely, Lubnac, Parparoroc, Alejo Malasig, Abkir and Salsalamagui. The respondents were hybrid rice-farmers planting an area of one hectare and below. This study was done to get insights on the situation of crop production loan of the hybrid rice-farmers. The study aimed to understand the crop production loan of hybrid rice-farmers with the use of interview schedule containing questions that determine the socio- demographic and farm/economic profile of the hybrid rice farmers, available credit source in their areas, their credit utilization and the problems that they encountered in availing loan. The identified available formal credit sources in the area were the Center for Agriculture and Rural Development (CARD) and Tulay sa Pag-unlad, Inc. (TSPI). Traders, relatives and friends were the informal lenders extending credit to the hybrid rice-farmers in the area. The main problem encountered by the hybrid rice-farmers in borrowing from formal source is the severe/rigidness of procedure for the first time-borrowers. This discouraged the farmers from availing loan, however, the said source offers a better credit term (e.g., lower interest). On the other hand, the problems encountered in borrowing from informal lenders are high penalty and the forms of loan repayment. Despite, the hybrid rice-farmers still choose to borrow from the said source because the process of obtaining loan is not difficult.