Do credit constraints affect agricultural technology adoption? Evidence from Nigeria
The agricultural sector in Nigeria is characterized by low productivity that is driven in part by low use of modern agricultural technologies. Poor access to credit is seen by many observers to be one of the key barriers to adoption of these technologies. Literature suggests that credit constraints...
| Autores principales: | , , |
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| Formato: | Brief |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2020
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| Acceso en línea: | https://hdl.handle.net/10568/143912 |
| _version_ | 1855528354350891008 |
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| author | Balana, Bedru Oyeyemi, Motunrayo Benson, Todd |
| author_browse | Balana, Bedru Benson, Todd Oyeyemi, Motunrayo |
| author_facet | Balana, Bedru Oyeyemi, Motunrayo Benson, Todd |
| author_sort | Balana, Bedru |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The agricultural sector in Nigeria is characterized by low productivity that is driven in part by low use of modern agricultural technologies. Poor access to credit is seen by many observers to be one of the key barriers to adoption of these technologies. Literature suggests that credit constraints impede individuals from investing in productivity enhancing agricultural technologies and, thus, poor farmers are unable to engage in high-return agricultural activities. Much policy discourse and research literature associates agricultural credit constraints with supply-side factors, such as farmers not having access to credit sources or high costs of borrowing, and, thus, recommend that such supply-side constraints be addressed to improve smallholders’ access to credit. However, demand-side factors, such as borrower’s risk-averse behavior, financial illiteracy, collateral requirements, or perceived high transactions costs, can also play important roles in credit-rationing for smallholder farmers. |
| format | Brief |
| id | CGSpace143912 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1439122025-11-06T06:32:22Z Do credit constraints affect agricultural technology adoption? Evidence from Nigeria Balana, Bedru Oyeyemi, Motunrayo Benson, Todd agricultural extension agricultural technology technology access to finance agriculture smallholders demand functions credit The agricultural sector in Nigeria is characterized by low productivity that is driven in part by low use of modern agricultural technologies. Poor access to credit is seen by many observers to be one of the key barriers to adoption of these technologies. Literature suggests that credit constraints impede individuals from investing in productivity enhancing agricultural technologies and, thus, poor farmers are unable to engage in high-return agricultural activities. Much policy discourse and research literature associates agricultural credit constraints with supply-side factors, such as farmers not having access to credit sources or high costs of borrowing, and, thus, recommend that such supply-side constraints be addressed to improve smallholders’ access to credit. However, demand-side factors, such as borrower’s risk-averse behavior, financial illiteracy, collateral requirements, or perceived high transactions costs, can also play important roles in credit-rationing for smallholder farmers. 2020-09-01 2024-05-22T12:18:01Z 2024-05-22T12:18:01Z Brief https://hdl.handle.net/10568/143912 en https://doi.org/10.2499/p15738coll2.133937 Open Access application/pdf International Food Policy Research Institute Balana, Bedru; Oyeyemi, Motunrayo; and Benson, Todd. 2020. Do credit constraints affect agricultural technology adoption? Evidence from Nigeria. NSSP Policy Note 53. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.134000. |
| spellingShingle | agricultural extension agricultural technology technology access to finance agriculture smallholders demand functions credit Balana, Bedru Oyeyemi, Motunrayo Benson, Todd Do credit constraints affect agricultural technology adoption? Evidence from Nigeria |
| title | Do credit constraints affect agricultural technology adoption? Evidence from Nigeria |
| title_full | Do credit constraints affect agricultural technology adoption? Evidence from Nigeria |
| title_fullStr | Do credit constraints affect agricultural technology adoption? Evidence from Nigeria |
| title_full_unstemmed | Do credit constraints affect agricultural technology adoption? Evidence from Nigeria |
| title_short | Do credit constraints affect agricultural technology adoption? Evidence from Nigeria |
| title_sort | do credit constraints affect agricultural technology adoption evidence from nigeria |
| topic | agricultural extension agricultural technology technology access to finance agriculture smallholders demand functions credit |
| url | https://hdl.handle.net/10568/143912 |
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