Agricultural Economics

Agricultural Economics

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Entries on Agricultural Economics

The Economic Impact of Improved Agricultural Technology on Cassava Productivity in Kogi State of Nigeria.

The Economic Impact of Improved Agricultural Technology on Cassava Productivity in Kogi State of Nigeria.

Uploaded by Dr. Adofu Ilemona

This paper assessed the economic impact of improved agricultural technologies on cassava productivity in kogi state, Nigeria. The results are drawn from a household survey covering the agricultural season of 2009/2010. The data obtained from interview schedule was subjected to descriptive and inferential statistical analysis. Descriptive statistics for this study include frequency, percentages and means. The hypothesis was tested using chi- square. The result shows that 79.33% of the respondents adopt the use of improved variety within the period under study. The analysis done on the revenue of the respondents before and after the adoption of the improved agricultural technology shows that revenue of farmers after the adoption of innovations are better off than revenue generated before adoption by N27,750 on the average per farmer. This result shows that the impact of improved agricultural technologies on cassava productivity is positive. Additionally, the results attest to the importance of increasing agricultural productivity in tandem with improvements on the adoption and use of improved agricultural technologies and its availability to the reach of farmers with the farmers’ ability to store food. This findings is consistence with Idachaba and Ayoola, (1995) who observed that improved agricultural helped in increasing agricultural productivity.

 
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Repayment Performance and Determinants of Food Crop Farmers Loan Beneficiaries of Nigeria Agricultural Cooperative and Rural Development Bank (Nacrdb) in Kogi State, Nigeria. (2008-2010)

Repayment Performance and Determinants of Food Crop Farmers Loan Beneficiaries of Nigeria Agricultural Cooperative and Rural Development Bank (Nacrdb) in Kogi State, Nigeria. (2008-2010)

Uploaded by Dr. Adofu Ilemona

The main objective of this study is to examine the Repayment performance and Determinants of food crop beneficiaries of NACRDB in Kogi State, Nigeria. Using a multi-stage random sampling technique, three agricultural zones in Kogi State ( Zone A, B AND C) were chosen. Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of NACRDB. The major tools of data analysis were econometric and statistical techniques, such as means, percentages and regression. The sampled food crop farmers were mostly males. The literacy level of the food crop farmers’ loan beneficiaries was above average (69.45) and the mean years of experience of respondent was 18 years. The loan repayment performance among food crop farmers in Kogi State was found to be 93.58%. The most important factors that determine loan repayment among food crop farmers of NACRDB were amount of loan obtained, amount of loan requested for, amount of interest paid, farm size and gender of farmers. The study therefore recommends that the most important factors that determine loan repayment should be emphasized in designing loan programmes among the food crop farmers. -----------------------------------------------------------------------------------------------------

 
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An Evaluation of the Major Constraints Hampering the Effective Functioning of the Nigerian Agricultural Cooperative and Rural Development Bank in Kogi State, Nigeria

An Evaluation of the Major Constraints Hampering the Effective Functioning of the Nigerian Agricultural Cooperative and Rural Development Bank in Kogi State, Nigeria

Uploaded by Dr. Adofu Ilemona

The study evaluated the major constraints hampering the effective functioning of the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB) in Kogi State, Nigeria. Using the food crop farmers as a case study, a multi-stage random sampling technique was used to select three agricultural zone in Kogi State ( zone A, B, and C).Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of NACRDB. The major tool of analysis is the Likert scale of analysis. The study find out that, while unfavourable organization policy, insufficient funding, poor group cohesiveness, poor spread of network of branches, politics in allocation of credit, inadequate competent staff and lack of information are seen as major constraints hampering the effective functioning of NACRDB in Kogi State, high interest rate, misappropriation of fund and inadequate personnel training and development is not a major constraint hampering the effective functioning of NACRDB in Kogi State. [Adofu et al. An Evaluation of The Major Constraints Hampering the Effective Functioning of the Nigerian Agricultural Cooperative and Rural Development Bank in Kogi State, Nigeria. A Case Study of Food Crop Farmers Loan Beneficiaries.

 
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Government Budgetary Allocation to the Agricultural Sector and Its Effects on Agricultural Output in Nigeria

Government Budgetary Allocation to the Agricultural Sector and Its Effects on Agricultural Output in Nigeria

Uploaded by Dr. Adofu Ilemona

The study, “Government Budgetary Allocation to the Agricultural Sector and its effect on Agricultural output in Nigeria”, is an attempt at highlighting the quantity and quality of national commitment (through public expenditure/budgetary allocation) to agricultural development over the years. Using government budgetary allocation to the agricultural sector and commercial bank credit to the agricultural sector as our explanatory variables, we examine the effect of government budgetary allocation to the agricultural sector on the output of the agricultural sector. Data were obtained from CBN’s Statistical Bulletin, and NBS’s Annual Abstract of Statistics. Employing the OLS regression technique, our results revealed that Budgetary Allocation to Agricultural Sector has significant effect on agricultural production in Nigeria, and that the relationship between them is strong, positive and significant. Thus, the study recommends that budgetary allocation to the agricultural sector should be increased and monitored, to guarantee food security, employment and overall economic growth and development in Nigeria.

 
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Confluence Journal of Economics and Allied Sciences   Volume 1 Number 1, July 2014

Confluence Journal of Economics and Allied Sciences Volume 1 Number 1, July 2014

Uploaded by Dr. Adofu Ilemona

The confluence Journal of Economics and Allied Sciences publish papers related to the economy and society in Africa bi-annually (July and December). The Journal focus on policy oriented papers including technical papers. The Journal receives Papers and articles from members of the academic institutions, research organizations, non-governmental organizations and independent researchers for consideration and possible publication in issues of the Journal.

 
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Confluence Journal Vol1 Issue 1

Confluence Journal Vol1 Issue 1

Uploaded by Dr. Adofu Ilemona

The confluence Journal of Economics and Allied Sciences publish papers related to the economy and society in Africa bi-annually (July and December). The Journal focus on policy oriented papers including technical papers. The Journal receives Papers and articles from members of the academic institutions, research organizations, non-governmental organizations and independent researchers for consideration and possible publication in issues of the Journal.

 
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An Evaluation of the Possible Remedies for Effective Functioning of the Bank of Agriculture

An Evaluation of the Possible Remedies for Effective Functioning of the Bank of Agriculture

Uploaded by Dr. Adofu Ilemona

The study evaluated the possible Remedies for the effective functioning of the Bank of Agriculture (BOA) in Kogi State, Nigeria. Using the food crop farmers as a case study, a multi-stage random sampling technique was used to select three agricultural zone in Kogi State ( zone A, B, and C).Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of BOA. The major tool of analysis is the Likert scale of analysis. The study find out that, strengthening of the group for better performance, establishing mechanism to protect farmers from undue competition for fund in BOA and establishing mechanism to check diversion of fund in BOA were seen by the respondents as most important strategies for sustainable and successful BOA service delivery to farmers in Kogi State. The study recommend that BOA should establish mechanism for monitoring of the progress and effect of BOA service delivery to farmers and enlightened farmers, especially in the rural are on the mandate of BOA.

 
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An Evaluation of the Factors Influencing the Amount of Loan Obtained by the Food Crop Farmers in Kogi State

An Evaluation of the Factors Influencing the Amount of Loan Obtained by the Food Crop Farmers in Kogi State

Uploaded by Dr. Adofu Ilemona

This study examines the factors influencing the output of food crop farmers loan beneficiaries of BOA in Kogi State, Nigeria. Using a multi-stage random sampling technique, three agricultural zones in Kogi State ( Zone A, B AND C) were chosen. Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of BOA. The major tools of data analysis were econometric and statistical techniques, such as means, percentages and regression. The sampled food crop farmers were mostly males. The literacy level of the food crop farmers’ loan beneficiaries was above average (69.45) and the mean years of experience of respondent was 18 years. The most important factors that influenced the output of food crop farmers’ loan beneficiaries are amount of loan obtained and household savings invested. The study recommend the need to emphasize on the major factors that influence the output of food crop farmers loan beneficiaries in drawing up agricultural policy for Nigeria.

 
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An Evaluation of the Possible Strategies for a Sustainable and Successful Bank of Agriculture (Boa) Service Delivery to Farmers in Nigeria: A Case Study of Food Crop Farmers in Kogi State.

An Evaluation of the Possible Strategies for a Sustainable and Successful Bank of Agriculture (Boa) Service Delivery to Farmers in Nigeria: A Case Study of Food Crop Farmers in Kogi State.

Uploaded by Dr. Adofu Ilemona

The study evaluated the possible strategies for a sustainable and successful Bank of Agriculture (BOA) service delivery to farmers in Kogi State, Nigeria. Using the food crop farmers as a case study, a multi-stage random sampling technique was used to select three agricultural zone in Kogi State ( zone A, B, and C).Primary data were collected through the use of structured questionnaire which were administered to farmers who are clients of NACRDB. The major tool of analysis is the Likert scale of analysis. The study find out that, strengthening of the group for better performance was seen by respondents as the most important strategy with mean score of 81.53 per cent. Establishing mechanism to protect the farmers from undue competition for fund in BOA was ranked second with a mean score of 80.28. Establishing mechanism to check diversion of fund in BOA with a mean score of 79.86 was ranked third. Privatization of BOA and BOA establishing farms instead of giving credit was ranked the least The study therefore recommends that The government and BOA should strategize for sustainable and successful BOA service delivery to farmers by strengthening the group for better performance and establishing mechanism to protect farmers from undue competition for fund as this was seen as someof the possible strategies for BOA service delivery to farmers in Nigeria.

 
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Agriculture and Diversification in Nigeria: The Role of Finance

Agriculture and Diversification in Nigeria: The Role of Finance

Uploaded by Dr. Adofu Ilemona

The study “agriculture and diversification in Nigeria: the role of finance” shows by a way of robust statistical analysis, the influence of finance in increasing agricultural output in Nigeria. Using data from 1981 to 2015, cointegrating regression (fully modified OLS) was applied to the time series data. The unit root test show that annual rainfall data is stationary at level (I(0)) while data for agricultural credit guaranteed scheme fund, commercial banks’ loan to agricultural sector and agricultural output are I(1)). We found that commercial banks loan to agricultural sector and annual rainfall are positively and significantly related to agricultural productivity in Nigeria for the period concerned in this study. Agricultural Scheme Fund is negative but significant in its relation with agricultural output. This might not be unconnected with political ills that impede policy measures in implementing funds allocated for use of the sector which might drive away real targets of such funds. The study therefore recommends that political ills that negatively affect policies should be done away with for policies to have it desired effect.

 
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Agricultural Financing for the Diversification of the Nigerian Economy: The Needful

Agricultural Financing for the Diversification of the Nigerian Economy: The Needful

Uploaded by Dr. Adofu Ilemona

The study “agricultural financing for the diversification of the Nigerian economy: the needful” shows by a way of robust statistical analysis, the influence of finance in increasing agricultural output in Nigeria. Using data from 1981 to 2015, cointegrating regression (fully modified OLS) was applied to the time series data. The unit root test show that annual rainfall data is stationary at level (I(0)) while data for agricultural credit guaranteed scheme fund, commercial banks’ loan to agricultural sector and agricultural output are I(1)). We found that commercial banks loan to agricultural sector and annual rainfall are positively and significantly related to agricultural productivity in Nigeria for the period concerned in this study. Agricultural Scheme Fund is negative but significant in its relation with agricultural output. This might not be unconnected with political ills that impede policy measures in implementing funds allocated for use of the sector which might drive away real targets of such funds. The study therefore recommends that political ills that negatively affect policies should be done away with for policies to have it desired effect.

 
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Effects of Democratization of Group Administration on the Sustainability of Agricultural Micro Credit Groups in Nigeria

Effects of Democratization of Group Administration on the Sustainability of Agricultural Micro Credit Groups in Nigeria

Abstract: Sustainability of micro credit groups in developing economies has been a problem associated with low meeting attendance and loan repayment which culminates in disintegration of the group. The study aimed at documenting effects of democratization of group administration proxied as frequency of meeting schedules/ attendance, which is a measure of interest in the groups, on their sustainability. The study was carried out in Imo State of Nigeria, using two micro finance institutions that were purposely selected and 54 micro credit groups that were randomly selected using stratified sampling from the two micro finance institutions afore selected. Descriptive statistics and multiple regression technique were used in data analysis. Results show that low market prices, short loan duration crop failure and inadequate loan supervision are major problems limiting peer loan repayment. It was also documented that savings mobilization and repayment of the group loans are dependent on democratization process implicit in frequency of meeting attendance. Minimum savings requirement is also directly related to group loan repayment. One recommendation is that groups should be organised with homogenous members to enhance patriotism, solidarity and cohesion."

 
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