Agricultural Credit and Farm Output of Cooperative Members in Anambra State, Nigeria

Abstract

This study examined the effect of agricultural credit on farm output of members of selected cooperative societies in Anambra State Nigeria. Data was collected from 260 cooperative farmers from 10 cooperative societies in Anambra East LGA in Anambra State. Also 260 non cooperative farmers were equally selected to act as control group Descriptive and inferential were applied to collected data. Evidence from the study showed that cooperative members had more access to agricultural credit than non members. Furthermore, results from the regression analysis showed that farm size, farm inputs, credit and access to cooperative credit were positive and important determinants of farm output. The implication of the significance of access to cooperative credit is a confirmation of the primacy of cooperative as a source of credit to rural farmers. Indeed, significance of use of credit and access to cooperative credit equally confirms the main thrust of Vroom's expectancy theory that a particular course of action is chosen based upon perceptions, attitudes, and beliefs of a positive return. Francis O. Nwankwo PhD | Okenwa C. Ogbodo PhD | Faith C. Onwuchekwa "Agricultural Credit and Farm Output of Cooperative Members in Anambra State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-3 , April 2019, URL: https://www.ijtsrd.com/papers/ijtsrd22955.pdf