Economic and Econometric Analysis of Agricultural Loans and Their Impact on the Gross Agricultural Product in Iraq During the Period (1990-2020)

Abstract Agricultural finance has a leading role in financing agricultural projects in order to enhance productivity growth in the agricultural sector. This study aimed to show the impact of productive agricultural loans and cultivated area on the gross agricultural product in Iraq during the period (1990-2020). The validity of the model was tested using statistical tests and analysis of variance (ANOV) software. The results of analysis of the loans of the Agricultural Cooperative Bank, on the one hand, and each of the gross agricultural product, agricultural production, productivity and cultivated area of the same period, on the other hand, showed a weak positive relationship between loans and agricultural production. The results proved the statistical significance of this relationship at the level of (5%), as the significance value was (0.049), while the value of the correlation coefficient was (0.375). As for other variables, there was no significant correlation at the levels (5%), (1%) and (1%), as the significance value between the loans of the Agricultural Cooperative Bank in Iraq during the period (1990-2020), on the one hand, and the gross agricultural product, productivity and cultivated area, on the other hand, reached (0.874), (0.071) and (0.53), respectively. The study recommended providing cash and in-kind agricultural loans by the Agricultural Cooperative Bank for farmers to perform agricultural operations and implement their agricultural plans in Iraq.