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Economic Evaluation of Credit Requirements of Small-Scale Farmers

Economic Evaluation of Credit Requirements of Small-Scale Farmers

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DEDICATION

This research material, titled “Economic Evaluation of Credit Requirements of Small-Scale Farmers” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.




ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Agricultural Engineering (AE) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on Economic Evaluation of Credit Requirements of Small-Scale Farmers provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.




ABSTRACT

This study was designed to evaluate the Credit requirements of small-scale farmers in Kogi State and to subsequently determine the optimum farm credit for farmers in the area. Multi-stage random sampling method was used in the selection of the respondents. In all, a total of 30 respondents were randomly selected from eight communities to give a total of 240 respondents. The regression results on the effects of Socio- Economic Variables on credit need showed that the t-ratios for farm size, education, family size and farm income were significant at five percent level. Other socio-economic variables like age and farming experience showed no significant relationship with credit need.

The results from the farm enterprises budgets showed that the profit derived from the mixture of yam and cassava production was higher than other crop farm enterprises. The least viable enterprise was maize sorghum mixed production. The linear programming model showed that from the trials of different levels of fhrm credit, an optimum was obtained at 4431,533.00. At this optimum farm credit level a maximum net revenue of 44321,025.63 was obtained. In line with what is obtained in the area, the model devoted a total of 2.1 hectares for the production of cassava, yam, maize and sorghum enterprises. The results further showed that labour constraints were surplus ‘ and land was found to be the major binding constraints. In view of the findings of this study, the following major recommendations among others were made:

The relevant government agencies like Kogi .State Agricultural Development Project should try to educate and assist the farmers to develop farm plan before commencing production. This will enable them to know the required input combinations that would maximize the use of available farm resources with the view to reduce the wastage of farm resources. In order to increase the farm income of farmers, Development Banks such as Nigeria Agricultural Cooperative and Rural Development



Economic Evaluation of Credit Requirements of Small-Scale Farmers in Kogi State, Nigeria


1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.…


CHAPTER TWO

2.0 Literature Review

2.1 Introduction

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Defense Procedure for Agricultural Engineering Researchers


In preparation for defending a project or seminar on Economic Evaluation of Credit Requirements of Small-Scale Farmers, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.


Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.


Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.


During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.


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