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Sodeeq et al

Greener Journal of Agricultural Sciences

Vol. 10(1), pp. 34-42, 2020

ISSN: 2276-7770

Copyright ©2020, the copyright of this article is retained by the author(s)

https://gjournals.org/GJAS

 

 

 

 

 

 

 

Comparative Financial Analysis among Two Actors of Cassava Value Chain in Oyo State.

 

 

1,2Sodeeq, A.E, 1Ibrahim, A.G, 1Lamidi, L.O, 1Famuyiwa, A.K

 

 

1. Department of Agricultural Extension and Management, Federal College of Animal Health and Production Technology, Moor Plantation, Ibadan

2. Department of Agricultural Economics, University of Ibadan, Ibadan.

 

 

 

ARTICLE INFO

ABSTRACT

 

Article No.: 01142008

Type: Research

 

 

Value chain has been perceived as an efficient strategy and magic formula for development of sustainable agriculture in Nigeria. Unfortunately, the issue of finance specificity which is a paramount element in value chain development is left out in many studies on cassava value chain. This study thus comparatively investigated finance analysis among two actors of cassava value chain in Oyo State, Southwestern, Nigeria. Data were collected using structured questionnaire administered to respondents (150 farmers and 150 processors) selected by multistage sampling techniques across Agricultural Development Program (ADP) Administrative Regions in the state while analytical tools used were descriptive and Tobit regression. The result reveals that 79.3% of farmers in cassava value chain were male, mostly youth with average age of 35 years and secondary education while all the processors were female,  middle aged with average age of 45 years and most having primary education. Also, variety in demand for financial needs exist among the actors as majority of farmers needed more than N200,000 while processors needed N50,000 or less. Experience as a cassava farmer (prob < 0.10), farm size (prob < 0.05), secondary occupation (prob < 0.01), monthly income (prob < 0.01) and disbursement lag (prob < 0.01) were found to have significant positive impact on the extent of finance accessibility by farmers while business size (Prob <0.01) and finance ration (Prob <0.10) were found to have significant positive impact on the extent of finance accessibility by processors. Thus, the study recommended that Finance should be made available at the right time preferably rainy season for the actors in all the stages of cassava value chain for more produce and Nigerian Agricultural Co-operative Bank, Commercial Banks and various Community Bank, etc. have a great role to play in this regard.

 

Accepted:  16/01/2020

Published: 25/02/2020

 

*Corresponding Author

Sodeeq AE

E-mail: srenesi@ gmail.com

 

Keywords:

Value Chain; Cassava; Finance; Farmers; Processors

 

 

 

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Cite this Article: Sodeeq, AE; Ibrahim, AG; Lamidi, LO; Famuyiwa, AK (2020). Comparative Financial Analysis among Two Actors of Cassava Value Chain in Oyo State. Greener Journal of Agricultural Sciences 10(1): 34-42.

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