Due to the discontinuity in rice-pledging scheme of the government in 2014 affect to confidence of Northern farmers to buy new agricultural machines because they worry about the cash flow to pay for the hire purchase installment, especially in the upper Northern region, which most of them have mainly revenue from their paddy fields while the rice price is decreased from overstock in the country. Furthermore, there still has the prohibited policy of doing off-season paddy field in irrigated areas because of drought that make the farmer more suffer. For this reason most of AD in the upper Northern region has the extreme drop in their sales target. However, some big AD in the lower Northern region can keep nearby to their sales target because their areas are dry crops such as cassava, sugar cane and maize those product prices still acceptable. At the end of October 2014, the AD in upper Northern region got 59% of SKL’s unit target and the AD in lower Northern got 80% of SKL’s unit target while penetration rate is 81% and 91% consequently because no BAAC's special fund to be allocated for agricultural machinery loans in this year.
Due to the discontinuity in rice-pledging scheme of the government in 2014 affect to confidence of Northern farmers to buy new agricultural machines because they worry about the cash flow to pay for the hire purchase installment, especially in the upper Northern region, which most of them have mainly revenue from their paddy fields while the rice price is decreased from overstock in the country. Furthermore, there still has the prohibited policy of doing off-season paddy field in irrigated areas because of drought that make the farmer more suffer. For this reason most of AD in the upper Northern region has the extreme drop in their sales target. However, some big AD in the lower Northern region can keep nearby to their sales target because their areas are dry crops such as cassava, sugar cane and maize those product prices still acceptable. At the end of October 2014, the AD in upper Northern region got 59% of SKL’s unit target and the AD in lower Northern got 80% of SKL’s unit target while penetration rate is 81% and 91% consequently because no BAAC's special fund to be allocated for agricultural machinery loans in this year.
Due to the discontinuity in rice-pledging scheme of the government in 2014 affect to confidence of Northern farmers to buy new agricultural machines because they worry about the cash flow to pay for the hire purchase installment, especially in the upper Northern region, which most of them have mainly revenue from their paddy fields while the rice price is decreased from overstock in the country. Furthermore, there still has the prohibited policy of doing off-season paddy field in irrigated areas because of drought that make the farmer more suffer. For this reason most of AD in the upper Northern region has the extreme drop in their sales target. However, some big AD in the lower Northern region can keep nearby to their sales target because their areas are dry crops such as cassava, sugar cane and maize those product prices still acceptable. At the end of October 2014, the AD in upper Northern region got 59% of SKL’s unit target and the AD in lower Northern got 80% of SKL’s unit target while penetration rate is 81% and 91% consequently because no BAAC's special fund to be allocated for agricultural machinery loans in this year. Due to the discontinuity in rice-pledging scheme of the government in 2014 affect to confidence of Northern farmers to buy new agricultural machines because they worry about the cash flow to pay for the hire purchase installment, especially in the upper Northern region, which most of them have mainly revenue from their paddy fields while the rice price is decreased from overstock in the country. Furthermore, there still has the prohibited policy of doing off-season paddy field in irrigated areas because of drought that make the farmer more suffer. For this reason most of AD in the upper Northern region has the extreme drop in their sales target. However, some big AD in the lower Northern region can keep nearby to their sales target because their areas are dry crops such as cassava, sugar cane and maize those product prices still acceptable. At the end of October 2014, the AD in upper Northern region got 59% of SKL’s unit target and the AD in lower Northern got 80% of SKL’s unit target while penetration rate is 81% and 91% consequently because no BAAC's special fund to be allocated for agricultural machinery loans in this year.
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