Financing agrarian reform through beneficiary payments, the Chilean case

Also, farm level adjustments to increase debt repayment capacity were analyzed for any impact on other objectives (increasing gross output and farm employment). Since the focus of this study is an actual implementation of a program once legislation and general objectives have been established, it was essential to develop a thorough understanding of both present and future policies and laws which set the parameters within which the program must operate. Therefore, the history of Chilean agrarian reform is discussed. Six asentamientos (land reform settlements) were used in the study. Financial returns for 1966-67 and 1967-68 were used as indices of future profitability with the implicit assumption that there would be no substantial changes in production or prices. Debt repayment capacity was projected with present and potential farm income.