<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Subject and purpose of work:</bold> The study aims to highlight the perception of farmers regarding the causes and consequences of their indebtedness.
<bold>Materials and methods:</bold> The study was based on primary data collected (by field survey) from a sample of 600 farmers. With regards to the selection of farmers or respondents, the proportionate sampling technique was employed. Percentage technique was used for data analysis. The data were collected in the first quarter of 2021.
<bold>Results:</bold> It was found that 95.67% of the farmers (out of 600) reported low prices for agricultural output as being the main cause of their indebtedness, followed by crop failure (89.00%), the high cost of inputs (85.00%), high interest rates (61.17%) and small landholdings (58.83%). In addition, consequences reported by loanee farmers were deterioration in their social status (67.83%) and psychological stress (57.67%). However, positive changes experienced by farmers after repaying a loan were less than the negative experiences.
<bold>Conclusions:</bold> The main causes of farmers’ indebtedness were crop failure and the high cost of inputs compared to the price of their produce. Due to their indebtedness, their economic and social status deteriorated and they experienced the feeling of insecurity.
</abstract>

Subject and purpose of work: The study aims to highlight the perception of farmers regarding the causes and consequences of their indebtedness.
Materials and methods: The study was based on primary data collected (by field survey) from a sample of 600 farmers. With regards to the selection of farmers or respondents, the proportionate sampling technique was employed. Percentage technique was used for data analysis. The data were collected in the first quarter of 2021.
Results: It was found that 95.67% of the farmers (out of 600) reported low prices for agricultural output as being the main cause of their indebtedness, followed by crop failure (89.00%), the high cost of inputs (85.00%), high interest rates (61.17%) and small landholdings (58.83%). In addition, consequences reported by loanee farmers were deterioration in their social status (67.83%) and psychological stress (57.67%). However, positive changes experienced by farmers after repaying a loan were less than the negative experiences.
Conclusions: The main causes of farmers’ indebtedness were crop failure and the high cost of inputs compared to the price of their produce. Due to their indebtedness, their economic and social status deteriorated and they experienced the feeling of insecurity.

Farmers’ Perception of Causes and Consequences of their Indebtedness in Haryana, India

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

Subject and purpose of work: The study aims to highlight the perception of farmers regarding the causes and consequences of their indebtedness.
Materials and...

Farmers’ Perception of Causes and Consequences of their Indebtedness in Haryana, India

Published Online: Mar 31, 2022

Page range: 56 - 73

Received: Feb 01, 2022

Accepted: Mar 01, 2022

DOI: https://doi.org/10.2478/ers-2022-0005

Keywords
indebtedness, Haryana State agriculture, debt types, consequences

© 2022 Babloo Jakhar et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Farmers’ Perception of Causes and Consequences of their Indebtedness in Haryana, India

Published Online: Mar 31, 2022

Page range: 56 - 73

Received: Feb 01, 2022

Accepted: Mar 01, 2022

DOI: https://doi.org/10.2478/ers-2022-0005

Keywordsindebtedness, Haryana State agriculture, debt types, consequences

© 2022 Babloo Jakhar et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
indebtedness, Haryana State agriculture, debt types, consequences