Agricultural Bank of Packilvania: Difference between revisions
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The '''Agricultural Bank of Packilvania''' ([[Packilvanian]]: ''luMonaat aluZiraya aBakhilfaniya'', '''MOZIBA''') is a state-owned corporation from [[Packilvania]] responsible for providing financing to farmers for the procurement of equipment, seeds, animal feed, fertiliser and other services and products required by the agricultural sector as well as modern banking services. |
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==History== |
==History== |
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The government subsequently created state owned corporations that aimed to consolidate and commercialise food production and hire farmers as wage workers and place experienced farmers in managerial positions. They invested in irrigation, artificial fetilizer and modern farming equipment. Food production stabilised but the country still had challenges distributing and providing adequate food. Furthermore, many state owned companies struggled with debts due to the fact that the government forced them to provide food at low prices. This also caused monocultures and many varieties of foods to go undercultivated. |
The government subsequently created state owned corporations that aimed to consolidate and commercialise food production and hire farmers as wage workers and place experienced farmers in managerial positions. They invested in irrigation, artificial fetilizer and modern farming equipment. Food production stabilised but the country still had challenges distributing and providing adequate food. Furthermore, many state owned companies struggled with debts due to the fact that the government forced them to provide food at low prices. This also caused monocultures and many varieties of foods to go undercultivated. |
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When the [[Bedonite dynasty]] and the [[Carriers of Mercy]] under Sultan [[Amhoud I]] toppled the [[Packilvanian Communist Party]], one of the key focuses of their first five year plan was to stabilise, privatise, and modernise the agricultural sector. The bank was established in 1987 by the |
When the [[Bedonite dynasty]] and the [[Carriers of Mercy]] under Sultan [[Amhoud I]] toppled the [[Packilvanian Communist Party]], one of the key focuses of their first five year plan was to stabilise, privatise, and modernise the agricultural sector. The bank was established in 1987 by the Agricultural Bank of Packilvania Act (''luKhanon aluMonaat aluZiraya aBakhilfaniya'') passed by the Parliament of Packilvania and signed by [[Sultan of Packilvania]] [[Amhoud I]]. This was part of a two-pronged approach to redistribute land to private citizens and to support them with cheap financing and modern banking services. |
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Under the government's land reform policy, state-owned land was leased for periods ranging from 20 to 200 years to experienced farmers who had previously worked for the state or owned their own farms. The bank in turn worked with them to source artificial fertiliser from overseas or from local fertiliser manufacturers. It also provided them with low cost banking services such as account and financial management services. Loans were developed which catered to the specific needs of the farming industry. In addition, the Agricultural Bank also insured farmer's land and equipment against accidental destruction and theft, and other unforeseen conditions. |
Under the government's land reform policy, state-owned land was leased for periods ranging from 20 to 200 years to experienced farmers who had previously worked for the state or owned their own farms. The bank in turn worked with them to source artificial fertiliser from overseas or from local fertiliser manufacturers. It also provided them with low cost banking services such as account and financial management services. Loans were developed which catered to the specific needs of the farming industry. In addition, the Agricultural Bank also insured farmer's land and equipment against accidental destruction and theft, and other unforeseen conditions. |
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