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" Roles of Microcredit on Profit Efficiency of Vegetable Farms in Kwara State, Nigeria "
Popoola, Ganiyat Omowumi
Yusuf, T. M.
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1058934
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| Doc. No
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TL58051
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| Main Entry
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Popoola, Ganiyat Omowumi
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| Title & Author
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Roles of Microcredit on Profit Efficiency of Vegetable Farms in Kwara State, Nigeria\ Popoola, Ganiyat OmowumiYusuf, T. M.
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| College
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Kwara State University (Nigeria)
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| Date
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2021
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| Degree
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M.S.
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2021
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| Note
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81 p.
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| Abstract
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Vegetable farming is one of the sources of livelihood for millions of growers and thousands of traders and processors in Nigeria. The extent of financial services in form of credits transmission for investments in an economy is one of the foremost elements responsible for its future efficiency and growth. In actual fact, inadequate credit facility is the major restraining factor facing the vegetable farmers. Achieving farm efficiency is therefore necessary. Thus, this study assessed the roles of Microcredit on profit efficiency of vegetable farms in Kwara State, Nigeria, using stochastic profit frontier methods to measure profit efficiency. After the estimation of the profit efficiency of both microcredit beneficiary and nonbeneficiary, a Welch’s t-test was used to test for their statistical difference. A total of 90 Microcredit beneficiaries and 150 Microcredit non-beneficiaries were sampled for this study. Primary data was collected for this sample using structured interview schedule. The study revealed that about 63.7% of the vegetable farmers were females with an average age of 44 years. About 40% of them spent 0-5years in school with 95.8% of farmers being married. The study further revealed that there is presence of large household size with a mean size of nine (9). Agriculture constitutes a source of income to the majority of the populace in Kwara State with 74.6% of the respondents having a start-up capital of not more than N100, 000. More importantly, the mean of profit efficiency of Microcredit beneficiaries was 0.807 while that of Microcredit non-beneficiaries was 0.560 and there is a 10% statistical difference in profit efficiency level of microcredit beneficiary and non-beneficiary. Furthermore, Access to microcredit has a positive and preponderance influence on profit efficiency. Years of schooling, working capital and farm size were factors that influence access to microcredit and were positive and statistically significant at 1%, 1% and 10% respectively. It is recommended that agricultural credit should be made available to the vegetable farmers to enable them buy farm inputs so as to increase their farm size which will translate to more efficiency. Also, education opportunities especially informal extension education should be provided for the farmers so as to improve their knowledge and skills.
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| Descriptor
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Agricultural economics
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Agricultural education
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Agriculture
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Finance
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Yusuf, T. M.
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Kwara State University (Nigeria)
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