Impact of credit use on profitability among cassava smallholder farmers in Southwest, Nigeria
Nigeria has large economic potential with high profitability but profitability is not increasing, and agricultural production is poor. This is hinged on the understanding of the impact of credit use on profitability, however, the influence of credit use on cassava production remains poorly understoo...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Sciendo
2023-01-01
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| Series: | Agricultura Tropica et Subtropica |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/ats-2023-0022 |
| _version_ | 1797354368184352768 |
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| author | Adeosun Damilola Richard Adegbite Dorcas Adetokunbo Sanusi Rahman Akintayo Ayansina Simeon Olusola Oke Folashade Olukemi |
| author_facet | Adeosun Damilola Richard Adegbite Dorcas Adetokunbo Sanusi Rahman Akintayo Ayansina Simeon Olusola Oke Folashade Olukemi |
| author_sort | Adeosun Damilola Richard |
| collection | DOAJ |
| description | Nigeria has large economic potential with high profitability but profitability is not increasing, and agricultural production is poor. This is hinged on the understanding of the impact of credit use on profitability, however, the influence of credit use on cassava production remains poorly understood, consequently affecting the profitability of cassava farmers. Thus, this study assessed the impact of credit use on the profitability of cassava farmers among smallholders in southwest Nigeria. Multi-stage sampling procedure was used to select 210 smallholder cassava farmers for the study. A structured questionnaire was used to collect data on the socio-economic characteristics and profitability of cassava farmers. Data were analysed with descriptive statistics, budgetary analysis, ordinary least squares (OLS), and t-test statistics. Results show that 60.0% of the farmers were male, 81.0% were married, 33.3% had secondary education, 70.5% had no contact with extension agents, 71.9% were members of a cooperative society, 61.9% had savings and 49.5% had access to credit. Furthermore, the mean age, farming experience, farm size, and household size of the sampled cassava farmers were 43 years, 19 years, 3.1 hectares, and 6 persons, respectively. |
| first_indexed | 2024-03-08T13:48:27Z |
| format | Article |
| id | doaj.art-8945d78ad66b4e60a0ea089d5eb00295 |
| institution | Directory Open Access Journal |
| issn | 1801-0571 |
| language | English |
| last_indexed | 2024-03-08T13:48:27Z |
| publishDate | 2023-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Agricultura Tropica et Subtropica |
| spelling | doaj.art-8945d78ad66b4e60a0ea089d5eb002952024-01-16T07:19:59ZengSciendoAgricultura Tropica et Subtropica1801-05712023-01-0156119820810.2478/ats-2023-0022Impact of credit use on profitability among cassava smallholder farmers in Southwest, NigeriaAdeosun Damilola Richard0Adegbite Dorcas Adetokunbo1Sanusi Rahman Akintayo2Ayansina Simeon Olusola3Oke Folashade Olukemi41Department of Agricultural Economics and Farm Management, Federal University of Agriculture, Abeokuta, Nigeria1Department of Agricultural Economics and Farm Management, Federal University of Agriculture, Abeokuta, Nigeria1Department of Agricultural Economics and Farm Management, Federal University of Agriculture, Abeokuta, Nigeria2Department of Agricultural Administration, Federal University of Agriculture, Abeokuta, Nigeria1Department of Agricultural Economics and Farm Management, Federal University of Agriculture, Abeokuta, NigeriaNigeria has large economic potential with high profitability but profitability is not increasing, and agricultural production is poor. This is hinged on the understanding of the impact of credit use on profitability, however, the influence of credit use on cassava production remains poorly understood, consequently affecting the profitability of cassava farmers. Thus, this study assessed the impact of credit use on the profitability of cassava farmers among smallholders in southwest Nigeria. Multi-stage sampling procedure was used to select 210 smallholder cassava farmers for the study. A structured questionnaire was used to collect data on the socio-economic characteristics and profitability of cassava farmers. Data were analysed with descriptive statistics, budgetary analysis, ordinary least squares (OLS), and t-test statistics. Results show that 60.0% of the farmers were male, 81.0% were married, 33.3% had secondary education, 70.5% had no contact with extension agents, 71.9% were members of a cooperative society, 61.9% had savings and 49.5% had access to credit. Furthermore, the mean age, farming experience, farm size, and household size of the sampled cassava farmers were 43 years, 19 years, 3.1 hectares, and 6 persons, respectively.https://doi.org/10.2478/ats-2023-0022cassavacreditogun stateprofitabilitysmallholder farmers |
| spellingShingle | Adeosun Damilola Richard Adegbite Dorcas Adetokunbo Sanusi Rahman Akintayo Ayansina Simeon Olusola Oke Folashade Olukemi Impact of credit use on profitability among cassava smallholder farmers in Southwest, Nigeria Agricultura Tropica et Subtropica cassava credit ogun state profitability smallholder farmers |
| title | Impact of credit use on profitability among cassava smallholder farmers in Southwest, Nigeria |
| title_full | Impact of credit use on profitability among cassava smallholder farmers in Southwest, Nigeria |
| title_fullStr | Impact of credit use on profitability among cassava smallholder farmers in Southwest, Nigeria |
| title_full_unstemmed | Impact of credit use on profitability among cassava smallholder farmers in Southwest, Nigeria |
| title_short | Impact of credit use on profitability among cassava smallholder farmers in Southwest, Nigeria |
| title_sort | impact of credit use on profitability among cassava smallholder farmers in southwest nigeria |
| topic | cassava credit ogun state profitability smallholder farmers |
| url | https://doi.org/10.2478/ats-2023-0022 |
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