scholarly journals Effects of credit rationing on the returns of poultry farmers in Ogun State, Nigeria

2020 ◽  
Vol 45 (3) ◽  
Author(s):  
W. A. Yusuf ◽  
R. O. Agbontafara ◽  
S. A. Yusuf
Keyword(s):  
Interest Rate ◽  
Credit Rationing ◽  
Multinomial Logit ◽  
Small Scale ◽  
Gross Margin ◽  
Ogun State ◽  
Personal Savings ◽  
Poultry Farmers ◽  
Small Scale Farmers ◽  
Margin Analysis

In Nigeria, agricultural credit has long been identified as a major input in the development of the agricultural sector. Thus, the study was carried out in order to examine the effects of credit rationing on the returns of poultry farmers in Ogun state, Nigeria. In the study, primary data obtained from 120 farmers through the use of questionnaires were used. The data were analysed using descriptive statistics, multinomial logit model and gross margin analysis. The result revealed that 59.22% of the sampled farmers obtained their capital from personal savings while 18.45% and 14.56% of them sourced theirs from cooperative organisations and banks, respectively. The study also affirmed that many of the farmers who source for credit outside their personal savings preferred getting credit from cooperative associations/savings associations because the source was less collateral-demanding, charges relatively lower interest rates, required bearable procedures and conditions for borrowing credit. The multinomial logit analysis showed that interest rate was significant at 5%level under cooperative/savings association sources. This implied that interest rate was a determining factor for sourcing credit from cooperative associations. The regression result also showed that interest rate on credit and distance of the farm households from credit source, contributed negatively, while gender and collateral contributed positively to the returns of poultry farmers. The result of the gross margin analysis showed that the total variable cost incurred by the farmers increased as the amount of credit/loan received increased. Hence, the informal finance providers were the backbone of small scale farmers. It is therefore recommended that the bureaucratic procedures for obtaining credit, from formal sources, should bemade flexible enough to accommodate small scale farmers.

scholarly journals PROFITABILITY ANALYSIS OF BENISEED (SESAME) PRODUCTION IN LAFIA LOCAL GOVERNMENT AREA OF NASARAWA STATE, NIGERIA

2021 ◽  
Vol 2 (2) ◽  
pp. 51-53
Author(s):  
Bello D ◽  
Agwale AO ◽  
Zaknayiba DB ◽  
Moren S ◽  
Ndor E
Keyword(s):  
Local Government ◽  
Small Scale ◽  
Family Needs ◽  
Gross Margin ◽  
Access To Credit ◽  
Profitability Analysis ◽  
Married Men ◽  
Government Data ◽  
Small Scale Farmers ◽  
Margin Analysis

The research was designed to examine the profitability analysis of beniseed (Sesame) production in Lafia Local Government. Data collected was analysed using simple descriptive statistics such as mean, frequency count, percentage and gross margin analysis to satisfy all the objectives. From the data collected, it was deduced that majority of the respondents 94.2% that engaged in sesame production are male. Also, most of the respondents 37.5% are married men and women who participated in the production of beniseed in order to carter for their family needs. Most of the respondents have one form of education or the other but majorities of them 33.8% have primary education predominantly, people who engaged in the production of beniseed in the study area are the small-scale farmers. Most of the respondents have an average number of family 3 – 4 per household. Most of the respondents spend only few number of years 3 – 5 years in beniseed production, 66.67% of the respondents being small-scale farmers make use of their family as a source of labour. In terms of extension awareness, 70.8% of the respondents are aware of extension services while only few number 29.2% are not. In terms of access to credit facilities majority of the respondents 65.0% have no access to credit while only scanty number 35.0% have access to credit facilities majority of the respondents 46.7% have problem of inadequate fund as a source of capital.

scholarly journals Economics and Technical Efficiency of Maize Production Among Small Scale Farmers in Abuja, Nigeria: Stochastic Frontier Model Approach

2020 ◽  
Vol 2 (6) ◽  
Author(s):  
E. S. Ebukiba ◽  
L. Anthony ◽  
S. M. Adamu
Keyword(s):  
Stochastic Frontier ◽  
Farm Size ◽  
Small Scale ◽  
Stochastic Frontier Model ◽  
Gross Margin ◽  
Maize Production ◽  
Factors Influencing ◽  
The Mean ◽  
Small Scale Farmers ◽  
Model Approach

This study evaluated Economics and Technical Efficiency of Maize Production Among Small Scale Farmers in Abuja, Nigeria; Stochastic Frontier Model Approach; Multi-stage sampling technique was adopted and used. Primary data were collected through the use of well-structured questionnaire from one hundred and fifty (150) sampled respondents in the study area. Data were analyzed to achieve the specified objectives using the following tools of analysis, Descriptive Statistics, Stochastic Frontier, Gross Margin Analysis, Financial Analysis, Five Point Likert Scale, and Principal Components Analysis. The results show that majority 40.47% of the sampled respondents were among the age range of 41-50 years of age and 25.33% were within the age bracket of 31-40 years of age. The mean age of the sampled farmers is 44 years. Which indicated that Young and energetic farmers are able to withstand stress and adopt new innovations. Most 88.67% of the farmers were male. Majority 72.67% were married. The mean household size of the sampled respondents is 6 members per family. Majority (67%) of the small-scale maize farmers had 1-2 ha of land and the average farm size cultivated by the farmers was 2.576 ha. The factors influencing total output of maize were seed input (P<0.01), Farm Size (P<0.05), quantity of fertilizer (P<0.05), and labour input (P<0.01) were statistically significant variables. The results of the inefficiency components show that the factors influencing technical inefficiency includes: age (P<0.01), education (P<0.01), access to credit (P<0.05), farming experience, and household size (P<0.05) and were statistically significant. The total revenue realized by the sampled small-scale maize farmers was N238,317 on average. While the total variable costs on average basis was N109,702.93. The gross margin realized was N128667.07. The gross margin ratio was 0.54 while operating ratio calculated was 0.857 and the rate of return on investment (RORI) was 1.17. The retained component from the constraint’s analysis include Lack of Improve Seed, Lack of Transportation, Poor Storage Facilities, Inadequate Capital, and Cattle Herdsmen. The retained components explained 60% of the variation of the component included in the model. The study therefore, recommends that affordable loans and adequate capital should be made available to the small-scale maize farmers, farmers should be properly trained and educated by the non-governmental organizations and extension agents on chemical application, fertilizer use and pests and diseases control measures especially on integrated pest management (IPM). Inputs like improve seeds, fertilizer, and chemicals should be made available to farmers at subsidized rates and at appropriate time coinciding with production periods for proper usage. Provisions should be made for transportation and storage facilities for farmers, the issue of conflict between farmers and herdsmen should be brought to book and resolved amicably for peaceful coexistence.

Economic analysis of fish processing and marketing in Ogun Waterside Local Government, Ogun State, Nigeria

2015 ◽  
Vol 42 (2) ◽  
pp. 235-245
Author(s):  
O. J. Olaoye ◽  
D. A. Adegbite ◽  
E. O. Oluwalana ◽  
S. S. Ashley- Dejo ◽  
O. A. Adelaja ◽  
...  
Keyword(s):  
Local Government ◽  
Economic Analysis ◽  
Bank Loan ◽  
Primary Data ◽  
Small Scale ◽  
Cost Ratio ◽  
Fish Processing ◽  
Gross Margin ◽  
Single Digit ◽  
Ogun State

This study examined the economic analysis of fish processing and marketing in Ogun Waterside Local Government Area of Ogun State, Nigeria using structured, validated and pre-tested interview schedules to collect primary data from one hundred and thirteen respondents. Descriptive analysis was used to analyze the socio-economic characteristics, access to productive resources and constraints faced by fish processors while budgetary analysis was used to determine profitability. The result reveals that 99.0% of the respondents were females, 57.4% were within their active economic age group (41 - 50 years), about 50.0% were educated and 82.3% were married. The scale of operation was on small scale level. The result of the budgetary analysis show that average total cost of N53,530.08 was incurred, average total revenue of N58,340.71 was realized and a returning gross margin of N37,088.44. The profitability ratio gave a benefit-cost ratio of 1.089 and expense structure ratio of 0.0603. This is an indication that fish processing business is profitable and viable in the study area. Despite the high profitability of the business, fish processors identified lack of collateral security for bank loan (96.5%), erratic power supply (92.0%) and lack of modern fish processing facilities (43.4%) as their most prevailing problems. With this high level of profitability and viability in fish processing and marketing, it is recommended that Government, cooperative societies, private bodies and non-governmental organizations should provide basic amenities such as storage facilities, electricity, transportation facilities and modern fish processing facilities in other to boost fish production in Nigeria as well as single digit Bank loan with civil servants as guarantors as means of collateral security.

scholarly journals Costs and Returns Analysis of Sesame Production in Northern Cross River State, Nigeria

2021 ◽  
pp. 265-273
Author(s):  
M. O. Oniah ◽  
T. O. Edem
Keyword(s):  
Formal Education ◽  
Main Tool ◽  
Sampling Technique ◽  
Gross Margin ◽  
Cross River ◽  
Cross River State ◽  
Cropping Season ◽  
Personal Savings ◽  
Multistage Sampling ◽  
Margin Analysis

The study examined costs and returns in sesame production in Northern Agricultural Zone of Cross River State, Nigeria during the 2020 cropping season. Multistage sampling technique was used to select 140 respondents using purposive and random selection. A well-structured questionnaire was the main tool for data collection. Descriptive statistics was used to describe the socio-economic characteristics of the farmers, gross margin analysis was used to determine gross returns per hectare of sesame production. Results showed that males were dominant (61.4%) in sesame production in the area and some (39.3%) were between 41-50 years. Majority of the farmers (75.5%) were married, 50.7% had no formal education while 42.9% had farming experience of 6-10 years. Also, the results found that majority (94.3%) sourced their farm capital from personal savings. The study revealed that a total of 116.7 hectares were put under sesame production in the 2020 cropping season by the respondents representing 2.5% of the total land area of the three Local Government Areas of the State. Constraints on sesame production were found to include lack of credit facility, high cost of labour, low yielding varieties, and high cost of planting seeds.

scholarly journals Profitability analysis of paddy production: A case of agricultural zone 1, Niger State Nigeria

2018 ◽  
Vol 16 (1) ◽  
pp. 88-92
Author(s):  
Madu Ali Bwala ◽  
Aniobi U John
Keyword(s):  
Descriptive Analysis ◽  
Sampling Technique ◽  
Rice Production ◽  
Variable Cost ◽  
Small Scale ◽  
Production Cycle ◽  
Gross Margin ◽  
Profitability Analysis ◽  
Multi Stage ◽  
Small Scale Farmers

This study estimated the profitability of rice production among small scale farmers in Bida agricultural zone of Niger state. The study utilized a multi-stage random sampling technique to select a total of one hundred and five (105) rice farmers in the area. The data was collected through a well-structured questionnaire from four communities in the study area. Descriptive statistics and farm budgeting tools were used for the analyses. The descriptive analysis showed that the farmers are highly productive between the age range of 37- 48 years. Furthermore, results also revealed land area cultivated by the farmers to be generally below two hectares. The finding further revealed the variable cost per hectare for rice production to be $126,100 per production cycle, while total revenue of $227,500 was realized by the respondents. The results also revealed cost of labour to account for the largest portion (54.0%) of the total variable cost. This is followed by the cost of seed, fertilizer, transportation, herbicide, pesticide and bagging. The farm budgeting analysis revealed the costs and returns of rice production to be profitable with a gross margin of $101,400 and net farm profit of $98,546.4. The gross profit ratio was calculated to be 0.45 which implies that farmers are selling their rice produce at a relatively high profit percentage. Based on the results obtained from the study, it was concluded that rice production in Bida Agricultural Zone of Niger State is profitable. Hence, the cultivation of rice is an important enterprise that should be encourage, considering the fact that it is a major staple. It is therefore recommended that timely availability of farm inputs such as improved seed variety and agrochemicals will further boos trice production in the area. Furthermore, provision of credit facilities to small scale farmers is a viable policy to be pursuedJ. Bangladesh Agril. Univ. 16(1): 88-92, April 2018

ANALYSIS OF THE DETERMINANTS OF PROFIT FROM COCOA BEANS MARKETING IN OGUN STATE, NIGERIA

2017 ◽  
Vol 16 (1) ◽  
pp. 9-19
Author(s):  
A. O. AROWOLO ◽  
S. M. SHUAIBU ◽  
M. M. SANUSI ◽  
D. O. FANIMO
Keyword(s):  
Sampling Technique ◽  
Least Square ◽  
Profit Margin ◽  
Cocoa Beans ◽  
Gross Margin ◽  
Ols Regression ◽  
Ogun State ◽  
The Government ◽  
Margin Analysis ◽  
Transportation Facilities

This paper examined the factors that influenced profit from cocoa beans marketing in Ogun State, Nigeria. Fifty (50) cocoa beans marketers were selected using a multi-stage sampling technique. Data were collected with the aid of a structured questionnaire designed to solicit information on the socio-economic characteristics of the cocoa beans marketers, their operating costs and return and problems associated with cocoa beans marketing in the study area. Descriptive statistics, marketing margin analysis, gross margin analysis and the Ordinary Least Square (OLS) regression technique were em-ployed in the analysis of the study data. The study revealed that men (84%) are more involved in co-coa beans marketing than women. Further, the study finds cocoa beans marketing to be a profitable venture in the study area having a gross margin of ₦137,719.27 (US $ 885.51) per month and a mar-keting margin of N40,600 (US $ 261.94). The percentage marketing margin was 34.73% which implies that the cocoa beans marketers realize a margin of 34.76% of the farm price. The result of the OLS regression analysis revealed that cost of transportation, communication cost, volume of cocoa traded and membership of market union are the significant determinants of the profit margin that accrue to the cocoa beans marketer. The identified constraints to cocoa beans marketing in the study area in-clude low quality of cocoa beans, poor transportation facilities and inadequate capital. The study con-cluded that cocoa beans marketing is economically rewarding in the study area. It recommends that the government should help to provide good transportation facilities. Also, agricultural and commercial banks as well as other micro credit financial institutions should assist in providing credit facility to the marketers as this will enable them expand their scope of marketing and consequently improve their profit margin.

scholarly journals SOCIO-ECONOMIC ANALYSIS OF CASSAVA PRODUCTION IN IKOLE LOCAL GOVERNMENT AREA OF EKITI STATE.

2016 ◽  
Vol 10 (2) ◽  
pp. 2036-2038
Author(s):  
S.O.W TOLUWASE ◽  
K. A ABDU-RAHEEM
Keyword(s):  
Local Government ◽  
Land Tenure ◽  
Local Government Area ◽  
Small Scale ◽  
Gross Margin ◽  
Cassava Production ◽  
The Mean ◽  
Socio Economic Variables ◽  
Small Scale Farmers ◽  
Structured Questionnaire

The study was carried out in Ikole Local Government Area of Ekiti State. Structured questionnaire was used to collect data on socio-economic variables, costs and revenues of the farmers. One hundred food crop famers cultivating cassava were randomly selected for the study. The result revealed that most of the farmers were young and educated. The mean household size was eight people. Land tenure through inheritance was the major method of acquiring farmland. Most farmers are small scale farmers operate mostly on owner’s equity. The gross margin of cassava production was #172, 920.00 per hectare. Cassava production was profitable by returning 2.07 for everyone naira invented in the study area. Among the recommendation made to boost production in the area was granting of small loans to farmers by commercial banks and land should be made available and allocated to the farmers to increase output and productivity of cassava production in the study area.

Assessment of small scale horticultural nursery enterprises in some selected Local Government Areas in Ibadan Metropolis, Oyo State, Nigeria

2021 ◽  
Vol 17 (2) ◽  
pp. 57-67
Author(s):  
I.O. Oyewo ◽  
A.R. Falana ◽  
I.O. Abiola ◽  
F.B. Musa ◽  
H.O. Shaib-Rahim ◽  
...  
Keyword(s):  
Formal Education ◽  
Tertiary Education ◽  
Common Species ◽  
Small Scale ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Personal Savings ◽  
Benefit Cost ◽  
Ixora Coccinea

The study assessed some selected small scale horticultural nursery enterprises in Ibadan metropolis. Data was collected through the use of well-structured questionnaires from 32 respondents and analysed using descriptive statistics and cost and return analysis. The result revealed that 93.7% of the respondents were male, 31.3% were between the ages of 31-40years with mean age of 43years,84.4% were married, 75% had between 1-5 household size with a mean house size of 5 persons. About fifty three percent (53.1%) of them were involved in horticultural practices as their primary occupation, 46.8% had tertiary education, however, majority 93.7% of them had one form of formal education with 14.5% mean years of experience, 75% of them belong to horticultural associations,81.2% source their credit through personal savings, majority (68.8%) rented their land through government, 50% source the seeds through other farmers while only 34.4% source their seeds through research institutions, categories of seedlings raised by the respondent are ornamental seedling (100%), forestry seedling (78.1%), medicinal seedling (65.6%) and agricultural seedling (81.3%) while Ixora (Ixora coccinea) (40.6%) was the most common species of seedling found in the nursery. On the average, the profit realized was ₦578, 925.00k per annum with Benefit cost ratio (BCR) of 4.8. Major problems confronting the enterprise were pest and insects, weeds, credit facilities, weather, transportation, low marketing patronage, cost of agrochemicals as well as availability of quality seeds. Keywords: Assessment, Horticultural, Enterprise, Gross Margin, Oyo, Nigeria

Risk Coping Behaviour of Small Scale Poultry Farmers in Ogun State, Nigeria

2013 ◽  
Vol 8 (6) ◽  
pp. 786-795
Author(s):  
Abimbola O. Adepoju ◽  
Omowunmi A. Timothy ◽  
Abayomi S. Oyekale
Keyword(s):  
Small Scale ◽  
Coping Behaviour ◽  
Ogun State ◽  
Poultry Farmers ◽  
Risk Coping

Researching Alternative Cash Crops for Small Scale Farmers in Southern Ohio

HortScience ◽  
1998 ◽  
Vol 33 (3) ◽  
pp. 530a-530
Author(s):  
Brad Bergefurd ◽  
Gary Gao
Keyword(s):  
Applied Research ◽  
Small Scale ◽  
Extension Agents ◽  
Research Projects ◽  
Cash Crops ◽  
Grant Program ◽  
Culinary Herbs ◽  
Small Scale Farmers

Speciality crops are great alternative cash crops for small scale farmers. Small scale farmers are constantly searching for viable economic crops to grow. We have been conducting applied research on the production and marketing of culinary herbs, oriental vegetables, colored peppers, and muskmelons to name a few. These crops show excellent potential for southern Ohio. Field demonstration, seminars, and surveys were used to gather and disseminate information on these speciality crops. More than 230 people attended our seminars on alternative cash crops. More than 150 people attended our field days. In addition, we had identified many chefs that are willing to purchase from local speciality crop growers. It will be a win-win situation for both chefs and growers. Growers will be able to maximize their profitability while chefs will receive fresh and unique produce. As a result of our research, we were able to show small scale growers what they can grow successfully and how they can market their crops for most profit. These applied research projects received a combined funding of $10000.00 from OSU Extension-Innovative Grant program. These projects are a great way to establish credibility among clients. We would also like to demonstrate how other extension agents can help their clients. A lecture utilizing slides and overhead transparencies will be the format of the seminar.

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