Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventions
In this study we assessed the determinants of lack of credit access among the Indigenous Vegetables (IVs) farmers based on primary data collected in a cross-sectional survey. Using descriptive statistics and logistic regression analysis, the results revealed that more females were involved in the in...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2020-09-01
|
| Series: | Agricultura Tropica et Subtropica |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/ats-2020-0015 |
| _version_ | 1797817284901732352 |
|---|---|
| author | Tanimonure Victoria Adeyemi Omodara Olabisi Damilola Fayemi Oreoluwa Grace Osifo Joy Amaka |
| author_facet | Tanimonure Victoria Adeyemi Omodara Olabisi Damilola Fayemi Oreoluwa Grace Osifo Joy Amaka |
| author_sort | Tanimonure Victoria Adeyemi |
| collection | DOAJ |
| description | In this study we assessed the determinants of lack of credit access among the Indigenous Vegetables (IVs) farmers based on primary data collected in a cross-sectional survey. Using descriptive statistics and logistic regression analysis, the results revealed that more females were involved in the indigenous vegetable production with average age of 40 years, seven household members, eight years of formal education and cultivating 0.76 acre of land. Only 8 % had access to credit and 76 % did not have contact with extension agents. The mean monthly income from indigenous vegetables production, off-farm income and savings were about ₦35,000 (US$96.83), ₦15,000 (US$42.12) and ₦13,000 (US$38.57), respectively. Further, lack of credit access significantly depended on gender (β = 0.15, P < 0.05), educational level (β = 0.11; P < 0.05), farming experience (β = 0.73; P < 0.05), off-farm income (β = 0.23, P < 0.05), saving habits (β = 0. 25; P < 0.01) and annual numbers of extension contact (β = 0.94, P < 0.01) of indigenous vegetable farmers. Therefore, improved access to formal education, extension supports, creation of gender-specific credit scheme and farm-based organisation (FBO) for indigenous vegetables farmers to sustain credit accessibility were advocated. |
| first_indexed | 2024-03-13T08:51:21Z |
| format | Article |
| id | doaj.art-5843d4e8ecb547c1a981cd02279c40ec |
| institution | Directory Open Access Journal |
| issn | 1801-0571 |
| language | English |
| last_indexed | 2024-03-13T08:51:21Z |
| publishDate | 2020-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Agricultura Tropica et Subtropica |
| spelling | doaj.art-5843d4e8ecb547c1a981cd02279c40ec2023-05-29T10:54:39ZengSciendoAgricultura Tropica et Subtropica1801-05712020-09-0153314915510.2478/ats-2020-0015Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventionsTanimonure Victoria Adeyemi0Omodara Olabisi Damilola1Fayemi Oreoluwa Grace2Osifo Joy Amaka3Department of Agricultural Economics, Obafemi Awolowo University, Ile-Ife, NigeriaDepartment of Agricultural Economics, Obafemi Awolowo University, Ile-Ife, NigeriaDepartment of Agricultural Economics, Obafemi Awolowo University, Ile-Ife, NigeriaDepartment of Agricultural Economics, Obafemi Awolowo University, Ile-Ife, NigeriaIn this study we assessed the determinants of lack of credit access among the Indigenous Vegetables (IVs) farmers based on primary data collected in a cross-sectional survey. Using descriptive statistics and logistic regression analysis, the results revealed that more females were involved in the indigenous vegetable production with average age of 40 years, seven household members, eight years of formal education and cultivating 0.76 acre of land. Only 8 % had access to credit and 76 % did not have contact with extension agents. The mean monthly income from indigenous vegetables production, off-farm income and savings were about ₦35,000 (US$96.83), ₦15,000 (US$42.12) and ₦13,000 (US$38.57), respectively. Further, lack of credit access significantly depended on gender (β = 0.15, P < 0.05), educational level (β = 0.11; P < 0.05), farming experience (β = 0.73; P < 0.05), off-farm income (β = 0.23, P < 0.05), saving habits (β = 0. 25; P < 0.01) and annual numbers of extension contact (β = 0.94, P < 0.01) of indigenous vegetable farmers. Therefore, improved access to formal education, extension supports, creation of gender-specific credit scheme and farm-based organisation (FBO) for indigenous vegetables farmers to sustain credit accessibility were advocated.https://doi.org/10.2478/ats-2020-0015credit policybinary logit modelaccess to loanfarm-based organisationsocio-economicsoff-farm incomegender |
| spellingShingle | Tanimonure Victoria Adeyemi Omodara Olabisi Damilola Fayemi Oreoluwa Grace Osifo Joy Amaka Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventions Agricultura Tropica et Subtropica credit policy binary logit model access to loan farm-based organisation socio-economics off-farm income gender |
| title | Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventions |
| title_full | Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventions |
| title_fullStr | Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventions |
| title_full_unstemmed | Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventions |
| title_short | Determinants of lack of credit access among indigenous vegetable producers in Nigeria: Implications for policy interventions |
| title_sort | determinants of lack of credit access among indigenous vegetable producers in nigeria implications for policy interventions |
| topic | credit policy binary logit model access to loan farm-based organisation socio-economics off-farm income gender |
| url | https://doi.org/10.2478/ats-2020-0015 |
| work_keys_str_mv | AT tanimonurevictoriaadeyemi determinantsoflackofcreditaccessamongindigenousvegetableproducersinnigeriaimplicationsforpolicyinterventions AT omodaraolabisidamilola determinantsoflackofcreditaccessamongindigenousvegetableproducersinnigeriaimplicationsforpolicyinterventions AT fayemioreoluwagrace determinantsoflackofcreditaccessamongindigenousvegetableproducersinnigeriaimplicationsforpolicyinterventions AT osifojoyamaka determinantsoflackofcreditaccessamongindigenousvegetableproducersinnigeriaimplicationsforpolicyinterventions |