Assessment of Credit and Investment Cooperative Society Among Arable Crop Farmers in Ifo Local Government Area of Ogun-state, Nigeria
Published by: Admin
Authors: Shittu Kazeem Adesina , Jimoh Bashiru Oladayo, Oluwasanya Oluwakayode Peter and Adeeko- Bakare Fatimah Adetutu
Abstract
This study examined the assessment of credit and investment cooperative society among arable farmers in Ifo Local Government Area of Ogun-state, Nigeria. Data was gathered through a well structured questionnaire administered to one hundred (100) respondents using multi-stage sampling methods. Using both descriptive and inferential statistics. The results showed that majority (81%) of farmers dominated by males involving in agricultural pursuits, with a certain level of formal education. Farmers were in the prime working age range, with mean household size of 4 persons. The results also showed that eight (8) out of ten (10) variabls regressed exhibited significant influence on coooperative members’ access to credit. The analysis of constraints revealed that low savings by members was the primary barrier ranked first while poorly leadership style and managerial functions was ranked the least 8th. The study recommended that farmers ought to consider establishing more cooperative societies and make use of credit facilities effectively and efficiently. Government should persist in subsidizing agricultural inputs. Government must strive to create a conducive environment to stimulate farming activities among farmers. Challenges facing the farmers should properly addressed.