Analysis of Factors Influencing Access to Credit for Vegetable Farmers in the Gulf Prefecture of Togo

Julien, H; Kossi, Ayenagbo; Aklésso, Egbendewe Y. Gregoire

doi:10.4236/ajibm.2021.115026

Cited by 8 publications

(3 citation statements)

References 8 publications

(8 reference statements)

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“…Consequently, they may charge higher interest rates to mitigate perceived risks, making it more challenging for farmers to access credit. This agrees with Julien, Kossi, and Aklésso (2021). 89.6% of the respondents feel that lack collateral security is another major problem associated with accessing to credit facilities.…”

Section: Major Problems Associated With Accessing Credit Facilitiessupporting

confidence: 71%

Evaluating the role of credit facilities as drivers to small scale rice farmers’ productivity in Wukari local government area, Taraba state, Nigeria

Ukpe,

Saidu

2023

ijsar

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The role played by credit for sustainable agricultural activities cannot be overemphasized. The study evaluated the role of credit facilities as drivers to small scale rice farmers’ productivity in Wukari Local Government Area Taraba State, Nigeria. A multi stage sampling procedure was used to sample 250 respondents from the study area. The study found that seed (p = 0.03), fertilizer (p = 0.01), and farm size (p = 0.01) were the key determinants of productivity for the rice farmers who had access to credit facilities while labour (p = 0.056) and seed (p = 0.01) were the determinants of productivity for the non-access to credit facilities counterparts. The finding show that years in school, farm size and age are the factors that influenced access to credit facilities. Finally, interest rate (92.8%), lack of collateral security (89.6%), lending criteria (72%) and government regulations (70.8%) are the major problem associated with access to credit facilities. It was therefore recommended that Public and private partnerships should be encouraged to develop innovative financial products and services tailored farmer’s activities with a goal of offering competitive interest rates. Continuous review and policies adaptation related to interest rates in agricultural lending to ensure they remain effective and responsive to changing economic conditions and the needs of farmers.

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Section: Major Problems Associated With Accessing Credit Facilitiessupporting

confidence: 71%

Evaluating the role of credit facilities as drivers to small scale rice farmers’ productivity in Wukari local government area, Taraba state, Nigeria

Ukpe,

Saidu

2023

ijsar

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“…To investigate the determinants of credit access, many studies (Ankrah Twumasi et al, 2021;Baiyegunhi, 2008;Phan, 2012;Sossou et al, 2017) have used producers' socio-demographic characteristics, household characteristics, farm variables, financial structure variables as well as those of their products and other factors. Phan, (2012) and Julien et al, (2021) used individual characteristics (age, gender, education level, main occupation) and household characteristics (size, agricultural land size, land ownership) to determine factors that influence microcredit access. In addition to the above factors, Baiyegunhi, (2008) also includes the variables "credit awareness" and the "assets" and other factors as those likely to determine credit access in the Eastern Cape Province, South Africa.…”

Section: Definition Of Model Variablesmentioning

confidence: 99%

Analysis of rice farmers access to agricultural credit and profitability in South Togo

Agboklou¹,

Özkan²

2023

Pressacademia

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Purpose- Access to suitable production means is required for producers to improve their profitability. As a result, agricultural financing appears to be a critical tool for attaining this goal. Various programs and donors have been attempting for decades to put together initiatives that would make it easier for the most disadvantaged populations, including the primarily agricultural rural world, to access sources of financing. Due to poor performance, the majority of these programs have failed. This study aims to investigate the determinants of credit access and how loans affect rice farm profitability. Methodology - Data for this study were collected from 102 producers living in the two biggest paddy production zones in southern Togo. The treatment effect model was used to examine the data collected through the survey investigation. Findings- Gender, asset type, producer experience, access to credit information, primary occupation, and land ownership status of the producer are all factors in determining rice growers' access to credit. Gender, producer experience, access to credit information, and land ownership status all have a beneficial impact on credit availability. However, asset type and the producer's main occupation have a negative impact. It also demonstrates that whether rice farms have access to loans has little bearing on their profitability. On the other hand, the average treatment impact of credit access is statistically significant. It also shows that the farmer's degree of education, expertise in the field, and lastly, the size of rice field farmed are the most important elements affecting the profitability of rice fields. Conclusion- The findings have policy implications, increasing the channels for disseminating credible information about funding sources, access procedures and the institutions in charge of these funding sources. Integrating the enhancement of farmers' educational levels into rural support initiatives, and the extension of major agricultural landscaping works undertaken by the government to other areas suitable for rice cultivation. Keywords: Agricultural credit, rice production, Probit-2SLS model, Togo. JEL Codes: C26, D14, Q14

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“…The results indicated that some of the factors that influenced access to credit included saving of money in commercial banks, owning a size of land that is less than 1 ha (0-0.1 ha) and knowledge of the repayment terms of the loan. Julien et al 12 assessed the factors influencing access to credit for vegetable farmers in the Gulf Prefecture of Togo using a Logit regression model. The findings indicated that beyond structural constraints, the socio-economic attributes of the market gardeners played significant roles in accessing credit.…”

Section: Introductionmentioning

confidence: 99%

Socioeconomic Determinants of Small-Scale Crop Farmers' Access to Loan in Benue State, Nigeria

Ajah¹,

Ameh²

2023

Trends in Agricultural Economics

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Background and Objective: Access to loan is one of the major challenges limiting small-scale farmersʼ investment in agriculture in Nigeria.Unfortunately, it is a vital input in the production process. Against this backdrop, the study assessed small-scale crop farmersʼ access to loan in Benue State, Nigeria. The main objective of this study was to determine if farmersʼ socio-economic factors significantly influence access to loan. Materials and Methods: Benue State has an agricultural development programme (ADP) with an administrative structure for effective extension services. It was divided into zones, blocks and cells. From the cells, 300 farmers were selected through multistage technique while questionnaire was used for data collection. The data were analyzed using Logit regression model. Results: The Likelihood Ratio and Chi-square values of 262.06 and 14.62, respectively indicated that the model fitted the dataset well because the overall model was statistically significant (p<0.05). Among the 8 variables predicted to influence access to loan, only ownership of bank account was statistically significant (p<0.05). However, other variables also influenced access to loan but not at 5% probability level. In terms of relationship, marital status, household size, age, years of farming experience and owning of bank account positively influenced access to loan while gender, educational status and farm size were inversely related to loan access. Out of the 300 farmers interviewed, only 106 (35.33%) had access to loan and the average loan requested (N =246650.94) was significantly (p<0.01) higher than what was granted (N =171933.96). Conclusion: Some of the crop farmersʼ socio-economic characteristics could be used to predict access to loan in Benue State, Nigeria.

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Analysis of Factors Influencing Access to Credit for Vegetable Farmers in the Gulf Prefecture of Togo

Cited by 8 publications

References 8 publications

Evaluating the role of credit facilities as drivers to small scale rice farmers’ productivity in Wukari local government area, Taraba state, Nigeria

Evaluating the role of credit facilities as drivers to small scale rice farmers’ productivity in Wukari local government area, Taraba state, Nigeria

Analysis of rice farmers access to agricultural credit and profitability in South Togo

Socioeconomic Determinants of Small-Scale Crop Farmers' Access to Loan in Benue State, Nigeria

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