[Ethiopia] Leasing scheme helps farmers purchase small-scale agricultural machinery (Africa Agribusiness)

Africa Agribusiness reported on mechanization on a new small-scale agricultural machinery leasing scheme in the Amhara region, Ethiopia. A joint IFPRI and Ethiopia’s Central Statistical Agency 2015 survey shows that only 9% of farmers in Ethiopia use machine power to plow their land, harvest their output, or thresh their crops. This new scheme that offers farmers and groups of farmers the opportunity to buy agricultural machineries with only 15-20 percent down and the rest to be paid during a three-year period, could change farming.