An Analysis Of Asset Holdings Of Farmers In Oboro Autonomous Community Of Ikwuano L.G.A Abia State.

ABSTRACT

The main objective of this study is to examine and determine the asset holdings of farmers with a view to identify measures which increase the value of farmers assets. The study was conducted in Ikwuano L.G.A of Abia State. Seven villages were randomly selected from Oboro Autonomous Community. Eleven farmers were randomly selected for the study from each of the selected villages in Oboro Autonomous Community. A questionnaire was used for data collection. Data analysis was done using descriptive statistics like means, tables, percentages for objectives or1e, two and three and multiple regression analysis for objective four. The study shows that fixed assets accounted for about 94% of the total value of assets Of this, land accounted for about 62% of the total value of fixed assets. Even though, land accounted for a greater share of the total value of fixed assets, land was not out rightly owned by the individual farmers. The farmers had mostly use right over land but not ownership right. The following factors were significant determinants of the value of farmers' assets-age, security of tenure, farming experience, income, duration of special training in agriculture and farm size. To increase the value of farmers' assets, there is need for intervention measures that will increase the level of income of farmers, increase farm size, and ensure security of tenure.