Estimating financing gaps in rice production in Southwestern Nigeria
This study analysed the financing gaps relative to production frontier of rice farmers in Southwestern Nigeria. A multistage sampling technique was used to collect cross-sectional data from 360 rice farmers selected from three states in the region. A Cobb–Douglas stochastic frontier and an adapted f...
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
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Springer
2020
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| Acceso en línea: | https://hdl.handle.net/10568/142705 |
| _version_ | 1855517390353203200 |
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| author | Ojo, T. O. Ogundeji, A. A. Babu, Suresh Chandra Alimi, T. |
| author_browse | Alimi, T. Babu, Suresh Chandra Ogundeji, A. A. Ojo, T. O. |
| author_facet | Ojo, T. O. Ogundeji, A. A. Babu, Suresh Chandra Alimi, T. |
| author_sort | Ojo, T. O. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study analysed the financing gaps relative to production frontier of rice farmers in Southwestern Nigeria. A multistage sampling technique was used to collect cross-sectional data from 360 rice farmers selected from three states in the region. A Cobb–Douglas stochastic frontier and an adapted form of Harrod–Domar (HD) growth model was employed to determine the financing gap required the farmers to be at the frontier level. The empirical results of the frontier model show that quantity of labour, quantity of rice as planting material and herbicides were statistically significant in explaining the variations in the efficiency of rice production in Nigeria. However, age, gender, farming experience, household size, access to credit, access to information, adoption of improved variety and location of rice farmers as sources of technical inefficiencies. As revealed by the result of the HD growth model, the average amount of credit per season that farmers had access to was, 38,630.56 naira (₦) while the mean financing in the form of credit required to produce at the frontier level was ₦193,626.50, showing a financing shortfall of about 80%. As unravelled by the result of the study, it can thus be concluded that technical efficiency of rice farmers can be improved by ameliorating access to timely credit and agricultural information for improving rice productivity. These findings suggest that filling the financing gap of smallholder rice farmers will improve rice productivity in Nigeria. The study, therefore, recommends that strengthening the existing technology by building farmers’ capacity on farm management practices would be the surest means of improving rice productivity growth in Nigeria. This would not only contribute to the intensification of rice production in Nigeria to meet its increasing rice demand, but also improve rice farmers’ productivity and their households’ incomes. |
| format | Journal Article |
| id | CGSpace142705 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | Springer |
| publisherStr | Springer |
| record_format | dspace |
| spelling | CGSpace1427052024-10-25T07:54:07Z Estimating financing gaps in rice production in Southwestern Nigeria Ojo, T. O. Ogundeji, A. A. Babu, Suresh Chandra Alimi, T. agricultural banks food production agricultural production farmers rice capacity development smallholders financing This study analysed the financing gaps relative to production frontier of rice farmers in Southwestern Nigeria. A multistage sampling technique was used to collect cross-sectional data from 360 rice farmers selected from three states in the region. A Cobb–Douglas stochastic frontier and an adapted form of Harrod–Domar (HD) growth model was employed to determine the financing gap required the farmers to be at the frontier level. The empirical results of the frontier model show that quantity of labour, quantity of rice as planting material and herbicides were statistically significant in explaining the variations in the efficiency of rice production in Nigeria. However, age, gender, farming experience, household size, access to credit, access to information, adoption of improved variety and location of rice farmers as sources of technical inefficiencies. As revealed by the result of the HD growth model, the average amount of credit per season that farmers had access to was, 38,630.56 naira (₦) while the mean financing in the form of credit required to produce at the frontier level was ₦193,626.50, showing a financing shortfall of about 80%. As unravelled by the result of the study, it can thus be concluded that technical efficiency of rice farmers can be improved by ameliorating access to timely credit and agricultural information for improving rice productivity. These findings suggest that filling the financing gap of smallholder rice farmers will improve rice productivity in Nigeria. The study, therefore, recommends that strengthening the existing technology by building farmers’ capacity on farm management practices would be the surest means of improving rice productivity growth in Nigeria. This would not only contribute to the intensification of rice production in Nigeria to meet its increasing rice demand, but also improve rice farmers’ productivity and their households’ incomes. 2020-08-01 2024-05-22T12:10:54Z 2024-05-22T12:10:54Z Journal Article https://hdl.handle.net/10568/142705 en https://doi.org/10.2499/p15738coll2.133811 https://doi.org/10.2499/p15738coll2.133780 Open Access Springer Ojo, T. O.; Ogundeji, A. A.; Babu, Suresh Chandra; and Alimi, T. 2020. Estimating financing gaps in rice production in Southwestern Nigeria. Journal of Economic Structures 9: 12. https://doi.org/10.1186/s40008-020-0190-y |
| spellingShingle | agricultural banks food production agricultural production farmers rice capacity development smallholders financing Ojo, T. O. Ogundeji, A. A. Babu, Suresh Chandra Alimi, T. Estimating financing gaps in rice production in Southwestern Nigeria |
| title | Estimating financing gaps in rice production in Southwestern Nigeria |
| title_full | Estimating financing gaps in rice production in Southwestern Nigeria |
| title_fullStr | Estimating financing gaps in rice production in Southwestern Nigeria |
| title_full_unstemmed | Estimating financing gaps in rice production in Southwestern Nigeria |
| title_short | Estimating financing gaps in rice production in Southwestern Nigeria |
| title_sort | estimating financing gaps in rice production in southwestern nigeria |
| topic | agricultural banks food production agricultural production farmers rice capacity development smallholders financing |
| url | https://hdl.handle.net/10568/142705 |
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