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Determinants of Credit Constraint among Smallholder Farmers’ Co-Operators in Oyo State, Nigeria

Year 2024, Volume: 7 Issue: 6, 13 - 14
https://doi.org/10.47115/bsagriculture.1504327

Abstract

Credit constraint (CC) has been identified as one of the factors that diminish the production efficiency of farmers. Although Multipurpose Cooperative Societies (MCS) have been identified as an avenue to reduce (CC) among farmers, (CC) persists. Thus, the effectiveness of (MCS) in credit delivery and the determinant of (CC) of co-operators were examined. A four-stage sampling procedure was used where Oyo State was purposively selected based on high numbers of registered Agricultural Cooperative Societies. One block was selected from each zone of the four Agricultural Development Project zones. Two cells were randomly selected from each block. Multi-purpose cooperative societies from each of the cells were randomly selected. Co-operators were randomly selected proportionate to size and in all, 200 respondents were randomly selected. Co-operators access credit, inputs, tractors, market information and processed their produce by (MCS). Female co-operators were more credit constraint than their male counterparts. Education, default history farming experience, monthly contributions and dependency ratio were the determinants of credit constraint. Default history has the highest impact in determining credit constraint of co-operators, therefore conscious effort is needed by co-operators to avoid it occurrence. Credits should be made available to farmers through cooperative societies to enhance their efficiency

References

  • Adeoti A. 2014. Trend and determinants of multidimensional poverty in rural Nigeria. J Devel Agri Econ, 6(1): 220-231.
  • Awotide BA, Abdoulaye T, Alene A, Mnyong VM. 2015. Impact of access to credit on agricultural productivity: Evidence from smallholder cassava farmers in Nigeria. International Conference of Agricultural Economists (ICAE), August 8-14, Milan, Italy, pp: 123.
Year 2024, Volume: 7 Issue: 6, 13 - 14
https://doi.org/10.47115/bsagriculture.1504327

Abstract

References

  • Adeoti A. 2014. Trend and determinants of multidimensional poverty in rural Nigeria. J Devel Agri Econ, 6(1): 220-231.
  • Awotide BA, Abdoulaye T, Alene A, Mnyong VM. 2015. Impact of access to credit on agricultural productivity: Evidence from smallholder cassava farmers in Nigeria. International Conference of Agricultural Economists (ICAE), August 8-14, Milan, Italy, pp: 123.
There are 2 citations in total.

Details

Primary Language English
Subjects Zootechny (Other)
Journal Section Research Articles
Authors

Oluwaseun Komolafe 0000-0003-4990-197X

Akaninyene Obot 0000-0001-8775-4064

David Oluwafisayo Ikotun 0000-0002-8606-9740

Samuel Obiajulu Ikechukwu 0000-0003-1283-4953

Publication Date
Submission Date June 26, 2024
Acceptance Date September 3, 2024
Published in Issue Year 2024 Volume: 7 Issue: 6

Cite

APA Komolafe, O., Obot, A., Ikotun, D. O., Ikechukwu, S. O. (n.d.). Determinants of Credit Constraint among Smallholder Farmers’ Co-Operators in Oyo State, Nigeria. Black Sea Journal of Agriculture, 7(6), 13-14. https://doi.org/10.47115/bsagriculture.1504327

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