Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria

53 pages (8302 words) | Projects

ABSTRACT

This study was designed to examine the financing of oil palm production in Ohaji/Egbema Local Government area of Imo State. A total of 40 farmers from four Villages in the local government were selected at random. Data, which comprised information on the socio-economic profile, were collected using personal interviews and also with the use of questionnaire The socio economic characteristics were analyzed using descriptive statistics such as tables, percentages and frequency distribution. Multiple regression technique was used to analyze the level of finance available to oil palm farmers in the area of study. The results show that there is poor sourcing from formal sources such as agricultural and commercial banks and even when farmers source for fund form formal means they are often inadequately financed. The regression result showed that level of education, farm size and output in naira were the positively significant factors that determine the level of finance available to farmers, the study also revealed that the major constraint to financing oil palm production in the study arise the lack of banks in the area which greatly discouraged the farmers.

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APA

-- (2021). Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2

MLA 8th

--. "Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria " Mouau.afribary.org. Mouau.afribary.org, 22 Jul. 2021, https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2. Accessed 27 Nov. 2024.

MLA7

--. "Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria ". Mouau.afribary.org, Mouau.afribary.org, 22 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2 >.

Chicago

--. "Determinants Of Agricultural Enterprise Financing: A Case Of Oil Palm Production In Ohaji/Egbma Local Government Area Of Imo State, Nigeria " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/determinants-of-agricultural-enterprise-financing-a-case-of-oil-palm-production-in-ohajiegbma-local-government-area-of-imo-state-nigeria-7-2

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