Tempo Interactive, Friday, 05 February, 2010 | 19:36 WIB
TEMPO Interactive, Jakarta:The government is formulating a special institution concept in the agriculture sector.
This institution will later make non-credit financing possible.
The sources come from various sectors.
The sources being considered are through leasing and shares.
”We are trying to explore all possibilities,” said Deputy Minister of Agriculture Bayu Krisnamurthi in Jakarta yesterday.
But, before the formation of the institution, the government is trying to use all alternatives, including running a warehouse receipt system and pawning commodities.
In the warehouse receipt system, farmers could use warehouses provided by the government.
In pawning commodities, farmers could buy back commodities that they pawned gradually.
At the present time, the most common funding method is credit.
The total credit in the agriculture sector up until now amounts to Rp6 trillion.
This year, the total credit subsidies channeled for agriculture amount to between Rp1.2 billion and Rp1.3 trillion.
According to the Minister of Agriculture Suswono, one of the credit system flaws currently are the regulations on collateral.
Many farmers have difficulties obtaining credit because they do not have collateral.
“We hope Bank Indonesia will privilege the agriculture sector so credits could be obtained without collateral,” he said.
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