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Comparative Analysis of the Effect of Agricultural Credit on Small Scale Poultry Enterprise in Owerri Agricultural Zone, South Eastern, Nigeria
| Content Provider | Semantic Scholar |
|---|---|
| Author | Effiong |
| Copyright Year | 2017 |
| Abstract | This study compared the effect of agricultural credit on beneficiaries and non-beneficiaries among small scale poultry enterprise operators in Owerri Agricultural Zone, South Eastern, and Nigeria. It utilized data obtained through personal administration of pre-tested questionnaires to respondents selected by purposive and random sampling methods. Data were analyzed using the enterprise budget model, multiple regression analysis and t-test. Majority of the respondents were women who fall within the age range of 41-50 years. Loan beneficiaries accessed their loans from isusu clubs owing to absence of stringent conditionalities and affordable interest rates hence their acquired input and production output was significantly higher than those of non-loan beneficiaries. Constraints to credit access included lack of collateral and high interest rates. Average amount disbursed as loan to beneficiaries ranged from N151, 000 – N200, 000 and was determined by a farmer’s financial background and ability to repay. Loan beneficiaries earned an annual gross margin of N365,800 and net production income of N358,300 while non-beneficiaries earned N117,280 and N113,880 as annual gross margin and net production income respectively. Production output of loan beneficiaries were significantly influenced by age, educational level, production experience, cost of feeds, amount borrowed and cost of veterinary services while household size, production experience and cost of veterinary services significantly influenced production output of non-beneficiaries. The study recommends that small scale farmers should organize themselves into co-operative groupings. This would go a long way to assist them in accessing credit. Credit should be made accessible and available at minimal cost and encumbrance to small scale poultry farmers especially by formal credit institutions. Strengthening the extension service delivery system will enhance productivity and sustainability of small scale poultry enterprise. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://iiardpub.org/get/IJAES/VOL.%203%20NO.%204%202017/COMPARATIVE%20ANALYSIS.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
