ABSTRACT
This chapter analyses the results of 1968 survey of Western Libya with respect to the pattern of current investment. It also examines the expenditure on fertilizer, although its importance as an input in Libyan agriculture is growing over time. The chapter shows the development of institutions such as Agricultural Bank and rural co-operatives that has aided the mobilization of savings, and influenced the direction of investment in agriculture. It is also possible that the larger farms are the ones which introduced mechanization of agriculture at earlier dates, and hence have to invest a smaller amount from year-to-year today than do the smaller farms which have begun using machinery only recently. As between the modern and the traditional farms, the former spend a larger proportion on machinery than the latter. The farms are neither modern nor irrigated explains the very low figures for machinery and irrigation equipment.
