Agricultural Bank of Packilvania

The Packilvanian Agricultural Bank (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.

History

When Packilvania was ruled by the Demirite dynasty, the land was mostly owned by the nobility of Packilvania and leased to peasant farmers. Peasant farmers had to pay levies in kind or in money to their feudal overlord. In the 18th century, the government allowed commoners to own land and allowed communities to own land in trust. Wild pasture was made available for farmers to graze their live stock. However, the country had not adequately modernized its food industry such that when the country was involved in the Great War under Zerah Demir IV, the country was not able to provide sufficient food to the population, forcing rations which worst affected the Feline population.

When the Demirite dynasty was overthrown by the Packilvanian Communist Party under Gideon Muktan, they abolished all remnants of the feudal system and private ownership of land. Peasant farms were consolidated and placed under the control of state authorities. These communal farms often struggled to meet state quotas and many government officials either lied about their output or ciphened off the produce on the blackmarket to make a profit. Furthermore, farmers were disincentivised to put for effort into their farms because there was little room to make profit from it. Thus, many farmers fled to the cities to make a living. As such, food production in the country collapsed and the country experienced famine in the 1920s and 1930s.

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.

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 Packilvanian Agricultural Bank 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.