Purpose

This research measures the causal effects of pertinent agricultural credit policy attributes on farmers' participation probability and their willingness to pay (WTP) for agricultural credit and its associated services.

Design/methodology/approach

A randomized conjoint field experiment is conducted in three districts of Nangarhar Province, Afghanistan, capturing stated-preference data of 300 farmers. Each survey participant was provided with two hypothetical choices and one opt-out option to generate rankings based on their preferences. The levels of six attributes—namely, the credit service provider's location, the time required to obtain credit, the frequency of installments, the type of loan security, the provider of the credit services and the annual membership fee to participate in the proposed policy—are randomly assigned to produce the alternative choices.

Findings

The results reveal that farmers support the suggested agricultural credit services policy (ACSP), and the lower bound of their WTP for participation in the policy is as high as 5% of their average annual income.

Practical implications

This study provides evidence-based policy input for designing effective agricultural credit policies in Afghanistan, which can be extended to other countries with a similar context.

Originality/value

This is the first study estimating the causal effects of formal agricultural credit policy attributes on farmers' participation probability. Further, this study nonparametrically measures farmers' WTP for participation in the proposed policy.

中文翻译：

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农民对拟议的正式农业信贷政策的期望：来自阿富汗楠格哈尔省随机联合试验的证据

目的

本研究衡量了相关农业信贷政策属性对农民参与概率及其对农业信贷及其相关服务的支付意愿（WTP）的因果影响。

设计/方法/方法

在阿富汗楠格哈尔省的三个地区进行了一项随机联合田间试验，收集了 300 名农民的既定偏好数据。为每位调查参与者提供了两个假设选项和一个退出选项，以根据他们的偏好生成排名。六个属性的级别——即信贷服务提供者的位置、获得信贷所需的时间、分期付款的频率、贷款担保的类型、信贷服务的提供者和参与拟议政策的会员年费——被随机分配以产生替代选择。

发现

结果表明，农民支持建议的农业信贷服务政策（ACSP），他们参与该政策的支付意愿下限高达他们平均年收入的 5%。

实际影响

本研究为在阿富汗设计有效的农业信贷政策提供了循证政策投入，这些政策可以扩展到具有类似背景的其他国家。

原创性/价值

这是第一个估计正式农业信贷政策属性对农民参与概率的因果影响的研究。此外，本研究以非参数方式衡量农民参与拟议政策的支付意愿。