The Patterns and Determinants of Agricultural Credit Use among Farm Households in Oyo State, Nigeria

Asian Economic and Financial Review

关键词: Farm households;    Determinants;    Multiple regressions;    Agricultural credit;    Oyo State;    Interest rate;    Multi-stage sampling.;   

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

The study examined the patterns and determinants of agricultural credit use among farming households in Oyo State, Nigeria. The primary data used for the study were obtained from a cross sectional survey of 114 farm households drawn by multi-stage random sampling technique. Both descriptive statistics and multiple regressions were used to analyze the data obtained. The study revealed that 47.4% of farm households in the State were in the age bracket of 51-60 years with mean age of 58 years while majority (86.8%) were farmers. Also, 48.2% had no formal education and 22.8% had between 7-12 years of formal education. Over half of the farm households (58%) maintained a household size of 5 ? 8 with mean size of five while 27.2% and 26.3% had between 11-20 years and 21-30 years of farming experience. In addition, 52% of the respondents in the State patronized the cooperative societies with mean loan requested as ₦108,157.89, mean loan released as ₦97,763.15 and mean loan repaid being ₦70,898.24. The major constraints faced by the rural farm households in accessing loans include high interest rate (21.9%) and lack of collateral (14.9%). Farm size (p

【 授权许可】

CC BY