Agricultural Economics and Farm Management
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Agricultural Economics and Farm Management
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Item Factors affecting loan acquisition among small-scale farmers in Otukpo Local Government area of Benue State, Nigeria.(2008) Nmadu, J. N., Egwa, E. P. O., & Ogaji, A.This study investigated the factors affecting loan acquisition among farmers in Otukpo LGA of Benue State of Nigeria. Primary data collected directly from the farmers were utilised in this study and analysed using descriptive statistics and probit analysis. The findings indicate that the loan collected during the 2006/2007 farming season was significantly lower (1000 times lower) that the amount of money spent on family obligations. This brings to the front burner the issue of food security and income stability of the small scale farmers. It has been discovered that many small scale farmers tend to sell off their farm produce when prices are low in order to repay social-obligated loans and also meet up some social obligations. Among the explanatory variables, interest rate charged and collateral given positively influenced loan acquisition while response to loan conditions impacted negatively on it. This findings indicates that farmers are favourable disposed towards taken loan with interest and given of collateral and this is contrary to what many researchers have tended to postulate.Item Analysis of credit utilization behavior of small scale business farmers in Bosso Local Government Area of Niger State(Continental Journal of Agricultural Science, 2009) 13. Otitolaiye, J.O., Ogaji A., Ajayi, O.J. and Emesilowa, A.M.This study analyses the credit utilization behavior of small scale farmers n Bosso Local Government Area of Niger state. The main objectives of the study include the identification of the various formal and informal sources of credit, pattern of their utilization by farmers as well as the examination of the effect of c*-I. allocation on the value of output. Primary data used for the study were obtain using structured questionnaire administered to 60 purposively Selected farmers. Descriptive statistics and regression analysis were used to analyze the data. Result shows that most of the farmers (95.0%) were married and ownership of farmland was mainly through inheritance. Results of the regression analysis gave R2 value of 0.684. This indicates that 68.4% of the variation in Y (value of output) was explained by the independent variables (Xi - X5) include in the model. Three (3} out of the five (5) variables in the model were found to be statistically significant in explaining total value of output. This include X3 (amount allocated to other inputs), X4 (amount allocated to equipment) and X5 (amount allocated to land). High interest rate, inadequate credit and late arrival of credit were identified by the farmers, as some of the constraints encountered in accessing credit. It was however, recommended that timelines of loan disbursement will reduce its diversion to other non farm uses. Interest rates charged by banks should be reduced to enable farmers' access it profltably.