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Interlocking transactions : do they restrain the emergence of rice producers' organizations in Cambodia ?

Abstract : Formal credit institutions in Cambodia have largely failed to provide access to farm credit to small and medium-scale paddy producers. The paper describes interlinked transactions between commercial rice millers and paddy producers in the paddy market that facilitate the provision of credit. Moreover, interlinked transactions are also used as an incentive device for producers who can only be imperfectly monitored. This kind of interlinked transaction, which tends to be dominant, may emerge as the best governance structure to minimize production and transaction costs. However, we show that in the context of producers’ vulnerability to weather damage to crops, perverse risks may also cause indebtedness among producers. Thus, interlocking transactions could lead to unequal relations of economic power, often at the cost of delaying agrarian growth. These dependency relationships may explain, in part, why development institutions fail to promote producers’ organizations with rice marketing capabilities.
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Preprints, Working Papers, ...
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https://hal.inrae.fr/hal-02817264
Contributor : Migration Prodinra Connect in order to contact the contributor
Submitted on : Saturday, June 6, 2020 - 2:38:46 PM
Last modification on : Friday, April 22, 2022 - 11:57:13 AM

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  • HAL Id : hal-02817264, version 1
  • PRODINRA : 18122

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Sylvaine Lemeilleur, Jean Marie Codron, Mehand Fares. Interlocking transactions : do they restrain the emergence of rice producers' organizations in Cambodia ?. 2006. ⟨hal-02817264⟩

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