Econometric Analysis of Accessibility and Repayment Ability of Agricultural Credit among Rural Root and Tuber Crops Farmers in Oyo State Nigeria

Ololade, Rachel Adetola

Econometric Analysis of Accessibility and Repayment Ability of Agricultural Credit among Rural Root and Tuber Crops Farmers in Oyo State Nigeria

Ololade, Rachel Adetola * §

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§ University of Technology, Ogbomoso, Nigeria

Econometric Analysis of Accessibility and Repayment Ability of Agricultural Credit among Rural Root and Tuber Crops Farmers in Oyo State Nigeria

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Abstract

This study examined the factors that contributed to the agricultural credit accessibility and repayment ability among rural tuber crops farmers in Oyo State Nigeria. The study specifically described the socio-economic characteristics of the respondents, sources of credit, conditions for obtaining credit and effects of socio-economic characteristics on repayment of credit. Random sampling technique was used to select 144 respondents in the study area, and the structured questionnaire was administered to collect data. Descriptive statistics and logit model was used in analyzing the data. The results showed that a higher percentage (56.9%) of both categories of tuber crops farmers were within the age bracket of 30-50 years. About 74.3% of those that obtained credit were male farmers. Majority of the respondents (91.7%) were married. 38.9% of the farmers have formal education. Only 48.7% of the farmers have secondary occupation. Most of the farmers have the family sizes between 6-10 people and most of the farmers had been practicing and cultivating tuber crops for at least 10-50 years. Most of these farmers are cultivating yam and cassava only a few are planting cocoyam as major or mixed crop. Majority of the farmers source for credit from cooperative societies, commercial bank, SPFS and friends.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Ololade, Rachel Adetola. 2018. "Econometric Analysis of Accessibility and Repayment Ability of Agricultural Credit among Rural Root and Tuber Crops Farmers in Oyo State Nigeria". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 18 (GJMBR Volume 18 Issue B5).

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GJMBR Volume 18 Issue B5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-B Classification JEL Code: M20

Submission ReceivedDecember 14, 2017
Peer Review Double Blind
Handling Editor
Accepted January 2, 2018
Published January 15, 2018

Version of record

v1.2

Issue date

July 30, 2018

Language

English

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Total Score: 108

Country: Nigeria

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Ololade, Rachel Adetola, Olagunju, F.O., Adejumo, T.J., Okegbade, A.I. (PhD/Dr. count: 0)

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