An Analysis of Farmers' Access to Formal Credit in the Rural Areas of Nigeria

An Analysis of Farmers' Access to Formal Credit in the Rural Areas of Nigeria
Author: Saifullahi Sani Ibrahim
Publisher:
Total Pages: 20
Release: 2013-09
Genre:
ISBN: 9783656331575

Scholarly Research Paper from the year 2011 in the subject Economics - Other, grade: none, Usmanu Danfodiyo University, Sokoto (School of Arts and Social Sciences), course: Economics, language: English, comment: Saifullahi Sani Ibrahim: Isa Kaita College of Education, Dutsin-ma, abstract: This study examines the factors that influence Farmers access to formal banking credit in the rural areas of Nigeria. The data used was collected from rural areas of Katsina State. The study used probit modelling approach to analyse the factors that influence farmers' accessibility to formal credit. The study found that the level of income, collateral, educational attainment and marital status have significant positive influence on farmers' access to formal credit, while age and sex have insignificant positive influence on the farmers' access to credit. On the other hand, interest rate and transaction cost have significant negative influence on the farmers' access to formal credit. Thus, the paper concluded that with the prevailing banking arrangement in Nigeria, rural farmers have little or no access to credit from conventional banks. Therefore, the study recommended the use of both group lending arrangement and character lending, so that farmers in the rural areas could be reached with formal credit.

Farming Systems and Poverty

Farming Systems and Poverty
Author: John A. Dixon
Publisher: Food & Agriculture Org.
Total Pages: 424
Release: 2001
Genre: Business & Economics
ISBN: 9789251046272

A joint FAO and World Bank study which shows how the farming systems approach can be used to identify priorities for the reduction of hunger and poverty in the main farming systems of the six major developing regions of the world.

From Agriscience to Agribusiness

From Agriscience to Agribusiness
Author: Nicholas Kalaitzandonakes
Publisher: Springer
Total Pages: 500
Release: 2017-11-21
Genre: Business & Economics
ISBN: 3319679589

This volume presents a state-of-the-art overview of the rapidly evolving field of agribusiness, highlighting the most current issues, concepts, trends and themes in research, practice and policy. With a particular emphasis on technology, product and process innovation, the authors cover a wide array of topics relating to such issues as research and development, technology transfer and patents and licensing, with particular respect to the roles of academic institutions, private organizations and public agencies in generating and disseminating knowledge. Featuring case studies of innovative initiatives across the industry, this book will appeal to researchers, business leaders, university administrators and policymakers concerned with the multi-faceted implications of this dynamic and controversial sector.

Access to Capital in Rural Thailand

Access to Capital in Rural Thailand
Author: Xavier Gine
Publisher: World Bank Publications
Total Pages: 41
Release: 2005
Genre: Credit
ISBN:

"The aim of this paper is to understand the mechanism underlying access to credit. Gine focuses on two important aspects of rural credit markets in Thailand. First, moneylenders and other informal lenders coexist with formal lending institutions such as government or commercial banks, and more recently, micro-lending institutions. Second, potential borrowers presumably face sizable transaction costs obtaining external credit. The author develops and estimates a model based on limited enforcement and transaction costs that provides a unified view of those facts. The results show that the limited ability of banks to enforce contracts, more than transaction costs, is crucial in understanding the observed diversity of lenders. This paper--a product of the Finance Team, Development Research Group--is part of a larger effort in the group to understand access to credit"--World Bank web site.

White Gold: The Commercialisation of Rice Farming in the Lower Mekong Basin

White Gold: The Commercialisation of Rice Farming in the Lower Mekong Basin
Author: Rob Cramb
Publisher: Springer Nature
Total Pages: 462
Release: 2020-01-03
Genre: Business & Economics
ISBN: 9811509980

This open access book is about understanding the processes involved in the transformation of smallholder rice farming in the Lower Mekong Basin from a low-yielding subsistence activity to one producing the surpluses needed for national self-sufficiency and a high-value export industry. For centuries, farmers in the Basin have regarded rice as “white gold”, reflecting its centrality to their food security and well-being. In the past four decades, rice has also become a commercial crop of great importance to Mekong farmers, augmenting but not replacing its role in securing their subsistence. This book is based on collaborative research to (a) compare the current situation and trajectories of rice farmers within and between different regions of the Lower Mekong, (b) explore the value chains linking rice farmers with new technologies and input and output markets within and across national borders, and (c) understand the changing role of government policies in facilitating the on-going evolution of commercial rice farming. An introductory section places the research in geographical and historical context. Four major sections deal in turn with studies of rice farming, value chains, and policies in Northeast Thailand, Central Laos, Southeastern Cambodia, and the Mekong Delta. The final section examines the implications for rice policy in the region as a whole.

The Global Findex Database 2017

The Global Findex Database 2017
Author: Asli Demirguc-Kunt
Publisher: World Bank Publications
Total Pages: 228
Release: 2018-04-19
Genre: Business & Economics
ISBN: 1464812683

In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Rural Finance for Food Security for the Poor

Rural Finance for Food Security for the Poor
Author: Manfred Zeller
Publisher: Intl Food Policy Res Inst
Total Pages: 146
Release: 1997-01-01
Genre: Technology & Engineering
ISBN: 0896295036

A broader role for rural finance for food security. The saving and borrowing behavior of the food-insecure poor. Innovative rural finance for the poor: a food security perspective. Conclusions for research and policy.

Agricultural Finance

Agricultural Finance
Author: Charles B. Moss
Publisher: Routledge
Total Pages: 325
Release: 2013-04-17
Genre: Business & Economics
ISBN: 1135923566

This textbook integrates financial economics and management in the area of agricultural finance. The presentation of financial economics discusses how the credit needs of farmer/borrowers are met by depositors through commercial banks. The financial management content presents methods used to make farm financial decisions including farm accounting, capital budgeting, and the analysis of risk. The textbook begins by developing the farm financial market focusing primarily on the market for debt. Next, the textbook presents an overview of accounting concepts important for the credit market. The accounting section provides a detailed discussion of the Farm Financial Standards Council’s suggestions for agricultural financial statements. Following the financial accounting, the book presents the use of ratio analysis applied to the farm firm. Next, the text describes capital budgeting followed by an introduction to risk analysis. Finally, the book presents the effect of debt decisions on the farm firm. In addition to the primary topics, the textbook includes a discussion of agricultural banking and monetary policy and an analysis of the choice of historical cost and market valued accounting methodologies on the farm debt decision.

Sustainable Land Use and Rural Development in Southeast Asia: Innovations and Policies for Mountainous Areas

Sustainable Land Use and Rural Development in Southeast Asia: Innovations and Policies for Mountainous Areas
Author: Holger L. Fröhlich
Publisher: Springer Science & Business Media
Total Pages: 490
Release: 2013-04-03
Genre: Science
ISBN: 364233377X

This book is based on the findings of a long-term (2000-2014) interdisciplinary research project of the University of Hohenheim in collaboration with several universities in Thailand and Vietnam. Titled Sustainable Land Use and Rural Development in Mountainous Areas in Southeast Asia, or the Uplands Program, the project aims to contribute through agricultural research to the conservation of natural resources and the improvement of living conditions of the rural population in the mountainous regions of Southeast Asia. Having three objectives the book first aims to give an interdisciplinary account of the drivers, consequences and challenges of ongoing changes in mountainous areas of Southeast Asia. Second, the book describes how innovation processes can contribute to addressing these challenges and third, how knowledge creation to support change in policies and institutions can assist in sustainably develop mountain areas and people’s livelihoods.