Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria
ABSTRACT
This study was designed to examine
the financing of oil palm production in Ohaji/Egbema Local Government area of
Imo State. A total of 40 farmers from four Villages in the local government
were selected at random. Data, which comprised information on the socio-economic
profile, were collected using personal interviews and also with the use of
questionnaire The socio economic characteristics were analyzed using descriptive
statistics such as tables, percentages and frequency distribution. Multiple
regression technique was used to analyze the level of finance available to oil
palm farmers in the area of study. The results show that there is poor sourcing
from formal sources such as agricultural and commercial banks and even when
farmers source for fund form formal means they are often inadequately financed.
The regression result showed that level of education, farm size and output in
naira were the positively significant factors that determine the level of
finance available to farmers, the study also revealed that the major constraint
to financing oil palm production in the study arise the lack of banks in the
area which greatly discouraged the farmers.
0.0
-- (2021). Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria . Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2
--. "Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 22 Jul. 2021, https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2. Accessed 26 Nov. 2024.
--. "Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 22 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2 >.
--. "Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria " Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2