ABSTRACT
As discussed in the previous chapter, a survey was developed to assess the perceived discount rates of farmers in a situation where they were offered some choice in accepting or rejecting the interest rate on borrowings offered to them. This was done, in part, to examine the validity of policy makers’ applications of interest rate and discount rate theory to policy development. Earlier, two surveys had been administered to determine the actual borrowing and lending activities at the study sites. These surveys had covered credit received and credit extended. Information on the purpose of the loan, the amount, duration, cash or kind, source or destination and actual use of the loan was collected.1
