Price Formation And Agricultural Land Market In Arondizuogu, Ideato North Local Government Area, Imo State
ABSTRACT
Land is crucial production factor in
agriculture, it is natural resources that is valued for many reasons, land is
usually in short supply and its agricultural area usually decline overtime due
to increasing non-agricultural uses particularly in recent years. The market
result on the determinant agricultural land using linear form as the head
equation showed that 85.88% of changes in price of agricultural land were
accounted for by the variation in the modeL Such variables as Yield, Location,
Size of land, and Income from land leasing. Price formation and agricultural
land market where all signijicant at 1 %, 5%, 1 % and 10% respectively.
Analysis of the result revealed that 85% of the respondent got their land
through inheritance, 5 percent got their land through rent and 10 percent of
the respondents purchase land. Other factors that can hinder the price of
Agricultural land include; location, capital, scarcity, expensiveness,
topography, overpopulation, agent etc. the major determinants of price of Agricultural
land in the area are monthly income, sex of the household head, household size
and educational level of household head and material status of the household
head.
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NWACHUKWU, . (2021). Price Formation And Agricultural Land Market In Arondizuogu, Ideato North Local Government Area, Imo State . Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/price-formation-and-agricultural-land-market-in-arondizuogu-ideato-north-local-government-area-imo-state-7-2
.C., NWACHUKWU. "Price Formation And Agricultural Land Market In Arondizuogu, Ideato North Local Government Area, Imo State " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 04 Aug. 2021, https://repository.mouau.edu.ng/work/view/price-formation-and-agricultural-land-market-in-arondizuogu-ideato-north-local-government-area-imo-state-7-2. Accessed 23 Nov. 2024.
.C., NWACHUKWU. "Price Formation And Agricultural Land Market In Arondizuogu, Ideato North Local Government Area, Imo State ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 04 Aug. 2021. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/price-formation-and-agricultural-land-market-in-arondizuogu-ideato-north-local-government-area-imo-state-7-2 >.
.C., NWACHUKWU. "Price Formation And Agricultural Land Market In Arondizuogu, Ideato North Local Government Area, Imo State " Repository.mouau.edu.ng (2021). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/price-formation-and-agricultural-land-market-in-arondizuogu-ideato-north-local-government-area-imo-state-7-2