Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, Kenya
Investments in climate smart agriculture (CSA) are often hampered by inadequate finance. The risks of climate change further scare away private investors from this technology. However, household savings have been established as a key contributor to farm investment in rural households. This study sou...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-06-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S240584402200980X |
| _version_ | 1811330005486010368 |
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| author | Naomi Wanjiru Gikonyo John Rono Busienei John Kamau Gathiaka George Njomo Karuku |
| author_facet | Naomi Wanjiru Gikonyo John Rono Busienei John Kamau Gathiaka George Njomo Karuku |
| author_sort | Naomi Wanjiru Gikonyo |
| collection | DOAJ |
| description | Investments in climate smart agriculture (CSA) are often hampered by inadequate finance. The risks of climate change further scare away private investors from this technology. However, household savings have been established as a key contributor to farm investment in rural households. This study sought to analyze the influence of household savings on adoption of CSA technologies. It utilized descriptive statistics, chi square, Poisson and ordered probit models on a sample of 122 households in its analysis. The findings showed that saving households adopted more CSA technologies compared to non-saving households with the chi square results indicating a statistically significant difference at 1%. In addition, household savings and interest earned on savings increased the likelihood of a household to adopt more than one CSA technology. Thus, increasing household savings is an important strategy for scaling CSA, and community groups through which households channel their savings need strengthening through regular trainings on group management and financial literacy. |
| first_indexed | 2024-04-13T15:54:53Z |
| format | Article |
| id | doaj.art-1fcb8660de964da48a7d6ba07dbf7252 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-04-13T15:54:53Z |
| publishDate | 2022-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-1fcb8660de964da48a7d6ba07dbf72522022-12-22T02:40:44ZengElsevierHeliyon2405-84402022-06-0186e09692Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, KenyaNaomi Wanjiru Gikonyo0John Rono Busienei1John Kamau Gathiaka2George Njomo Karuku3Department of Agricultural Economics, University of Nairobi, P.O. Box 29053-00625, Kangemi, Nairobi, Kenya; Corresponding author.Department of Agricultural Economics, University of Nairobi, P.O. Box 29053-00625, Kangemi, Nairobi, KenyaSchool of Economics, University of Nairobi, P.O. Box 30197-00100, Nairobi, KenyaDepartment of Land Resource Management and Agriculture Technology (LARMAT), University of Nairobi, P.O. Box 29053-00625, Kangemi, Nairobi, KenyaInvestments in climate smart agriculture (CSA) are often hampered by inadequate finance. The risks of climate change further scare away private investors from this technology. However, household savings have been established as a key contributor to farm investment in rural households. This study sought to analyze the influence of household savings on adoption of CSA technologies. It utilized descriptive statistics, chi square, Poisson and ordered probit models on a sample of 122 households in its analysis. The findings showed that saving households adopted more CSA technologies compared to non-saving households with the chi square results indicating a statistically significant difference at 1%. In addition, household savings and interest earned on savings increased the likelihood of a household to adopt more than one CSA technology. Thus, increasing household savings is an important strategy for scaling CSA, and community groups through which households channel their savings need strengthening through regular trainings on group management and financial literacy.http://www.sciencedirect.com/science/article/pii/S240584402200980XClimate smart agriculture (CSA)Smallholder farmersSavingsNyandoClimate change |
| spellingShingle | Naomi Wanjiru Gikonyo John Rono Busienei John Kamau Gathiaka George Njomo Karuku Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, Kenya Heliyon Climate smart agriculture (CSA) Smallholder farmers Savings Nyando Climate change |
| title | Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, Kenya |
| title_full | Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, Kenya |
| title_fullStr | Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, Kenya |
| title_full_unstemmed | Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, Kenya |
| title_short | Analysis of household savings and adoption of climate smart agricultural technologies. Evidence from smallholder farmers in Nyando Basin, Kenya |
| title_sort | analysis of household savings and adoption of climate smart agricultural technologies evidence from smallholder farmers in nyando basin kenya |
| topic | Climate smart agriculture (CSA) Smallholder farmers Savings Nyando Climate change |
| url | http://www.sciencedirect.com/science/article/pii/S240584402200980X |
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