Research Article

The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains

Volume: 39 September 21, 2026
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The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains

Abstract

Smallholder farmers in Nigeria face significant risks from climate change, market volatility, and credit constraints. Cooperative Business Model (CBM) offer a collective approach to mitigate these challenges by enhancing market access, credit availability, and risk-sharing. This study investigates the relationship between CBM, access to credit, and the choice of risk mitigation strategies among 173 agricultural value chain actors in North Central Nigeria. Using descriptive statistics, ANOVA, and Likert scale analysis, we find statistically significant differences in the means of CBM adoption, credit access, and risk mitigation strategies. Results highlight cooperatives’ role in promoting crop diversification, insurance uptake, and collective savings. Constraints to insurance adoption include high premiums and limited awareness. Policy recommendations emphasize institutional support for CBM and tailored financial products.

Keywords

References

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  2. Ahmed UM, Hassan R, Bello TA (2021) Cooperative impacts on credit accessibility among smallholder farmers in Nigeria. Journal of Agricultural Finance 15(4): 45-62.
  3. Akinola B, Obi C, Musa A (2023) Crop diversification strategies among smallholder farmers in Nigeria. Journal of Agricultural Risk Management 12(1): 23-38.
  4. Akinwumi O, Obasi I, Adewale Y (2019) Resource access and risk management among Nigerian smallholder farmers. Nigerian Journal of Agricultural Extension 12(3): 150-166.
  5. Amikuzuno J, Nawir A, Owusu V (2018) Impact of agricultural insurance schemes on risk management in Ghana. African Agricultural Insurance Journal 6(2): 101-118.
  6. Cao Y, Li Z, Wang X (2018) Market stability and risk management adoption among Chinese farmers. China Agricultural Economic Review 10(1): 45-65.
  7. Ferede T, Alemu H, Bekele S (2021) Contract farming frameworks and risk mitigation strategy adoption in Ethiopia. Journal of Contract Farming Systems 3(1): 14-29.
  8. Fischer E, Qaim M (2012) Linking smallholders to markets: Determinants and impacts of farmer collective action in Kenya. World Development 40(6): 1255-1268.

Details

Primary Language

English

Subjects

Sustainable Agricultural Development, Agricultural Economics (Other)

Journal Section

Research Article

Publication Date

September 21, 2026

Submission Date

February 5, 2026

Acceptance Date

March 17, 2026

Published in Issue

Year 2026 Volume: 39

APA
Ayinde-Olawale (nee Omonıwa), A. (2026). The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains. Mediterranean Agricultural Sciences, 39. https://doi.org/10.29136/mediterranean.1882669
AMA
1.Ayinde-Olawale (nee Omonıwa) A. The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains. Mediterranean Agricultural Sciences. 2026;39. doi:10.29136/mediterranean.1882669
Chicago
Ayinde-Olawale (nee Omonıwa), Adeyemi. 2026. “The Nexus Between Cooperative Business Model, Access to Credit, and Risk Mitigation Strategies in Nigeria’s Agricultural Value Chains”. Mediterranean Agricultural Sciences 39 (September). https://doi.org/10.29136/mediterranean.1882669.
EndNote
Ayinde-Olawale (nee Omonıwa) A (September 1, 2026) The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains. Mediterranean Agricultural Sciences 39
IEEE
[1]A. Ayinde-Olawale (nee Omonıwa), “The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains”, Mediterranean Agricultural Sciences, vol. 39, Sept. 2026, doi: 10.29136/mediterranean.1882669.
ISNAD
Ayinde-Olawale (nee Omonıwa), Adeyemi. “The Nexus Between Cooperative Business Model, Access to Credit, and Risk Mitigation Strategies in Nigeria’s Agricultural Value Chains”. Mediterranean Agricultural Sciences 39 (September 1, 2026). https://doi.org/10.29136/mediterranean.1882669.
JAMA
1.Ayinde-Olawale (nee Omonıwa) A. The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains. Mediterranean Agricultural Sciences. 2026;39. doi:10.29136/mediterranean.1882669.
MLA
Ayinde-Olawale (nee Omonıwa), Adeyemi. “The Nexus Between Cooperative Business Model, Access to Credit, and Risk Mitigation Strategies in Nigeria’s Agricultural Value Chains”. Mediterranean Agricultural Sciences, vol. 39, Sept. 2026, doi:10.29136/mediterranean.1882669.
Vancouver
1.Adeyemi Ayinde-Olawale (nee Omonıwa). The nexus between cooperative business model, access to credit, and risk mitigation strategies in Nigeria’s agricultural value chains. Mediterranean Agricultural Sciences. 2026 Sep. 1;39. doi:10.29136/mediterranean.1882669

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