An analysis of factors influencing access to credit by poultry egg farmers in Southwestern, Nigeria

摘要

Poultry occupies a pivotal position because of its enormous potential to bring about rapid economic growth. Agricultural credit is considered essential to the process of improving agriculture and transformation of the rural economy. This study was conducted among 343 poultry egg farmers in Southwestern, Nigeria. Multistage sampling procedure was employed was employed in selecting the poultry egg farmers in the study area while descriptive statistics and binary logit were used to analyze the data. Thefindings of the study revealed that majority (74.3%) of the poultry egg farmers were male with an average age 42 ± 8.9 years. More than half (57.8%) of the farmers were educated above secondary education. More than half (63.6%) of the farmers had between 5-10 years of layers rearing experience with the mean years of experience being 9.0 ± 5.4 years. Majority (98.0%) of the poultry egg farmers had access to credit while only (2%) of the farmers insured their poultry farms. Factors that influenced thepoultry farmers' access to credit include gender, years of education, stock size and biosecurity level. The study recommends that the government should formulate a policy that will be assisting the poultry farmers to get more funds at the lowest rate ofinterest.