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Impact of Credit on Poultry Productivity in South-western Nigeria
| Content Provider | Semantic Scholar |
|---|---|
| Author | I. Olagunju F. O. Babatunde R. |
| Copyright Year | 2011 |
| Abstract | Livestock is important for increased productivity in Nigerian agriculture. It provides food, fuel, fertilizer and draught to sustain the rural economy. Among livestock-based vocations, poultry occupies a pivotal position because of its enormous potential to bring about rapid economic growth. The neglect of the livestock sector led to the decline in poultry production over the years. There is therefore low productivity in the sub sector. The focus of this study is to assess the impact of credit on poultry productivity. The study was carried out in Ogun, Osun and Oyo states of southwestern Nigeria. Data collection was by personal administration of questionnaires designed to obtain information on poultry farmers' characteristics, flock size, production characteristics and economic aspect of production. Data were collected from three hundred poultry farms but data from two hundred and eighty respondents were used for the purpose of analysis. In the selection of the data used for analysis, emphasis was placed on the use of farms that kept fairly good and accurate records of their operations. These farmers were selected through multi stage sampling technique. Descriptive statistics, Logit and multiple regression models were used for the analysis of the data. Results of the analysis showed that the mean age of the poultry farmers was 46 years while 60% had up to secondary school education. Average period of poultry experience was 8 years while the average farm household size was 7 members. About 55% of these farmers sourced their funds from personal savings while 20% used loans from co-operative societies. The sigma square (σ) value of 33.141 indicated a good fit for the model and a normal distribution of the error term. Many small scale poultry farmers complained of limited access to funds which is often linked with their low level of farm income and insufficient collateral securities. Level of education, years of experience in poultry keeping and number of poultry birds were positively significant variables. It was realized that credit acquisition by the farmers had a significant impact on the productivity of poultry. Furthermore, household size, feeds, source and amount of credit had a significant direct relationship with poultry productivity. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.arpnjournals.com/jabs/research_papers/rp_2011/jabs_1011_325.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
