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Explain with an example how the terms of credit can be unfavourable for the small farmers.

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Financial Accounting Teacher

Terms of credit include collateral such as land titles, deposits with banks, livestock, building, vehicle, etc which small farmers are not capable of providing. In case of failure of crops, it becomes impossible for farmers to repay the loan. Terms of credit also include documentation requirement. Small...
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Terms of creditinclude collateral such as land titles, deposits with banks, livestock, building, vehicle, etc whichsmall farmersare not capable of providing. In case of failure of crops, it becomes impossible for farmers to repay the loan.Terms of creditalso include documentation requirement.Small farmers... read less
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