Effect of micro-finance on small scale poultry business in South Western Nigeria

Abstract

Abstract:In the South Western region of Nigeria many small scale poultry farmers complain of limited access to funds. This is often linked with their low level of farm income and insufficient collateral securities. There is therefore low productivity in the sub sector. The resultant effect of this is the attendant decline in the quality and quantity of the poultry produce people now consume. These operators were selected through multi stage sampling technique. Both descriptive statistics and the Tobit regression model were used for the analysis of data. Only 76% of the farmers were up to 60 years of age while 69.64% had up to secondary school education. Average period of poultry experience was 8.06 years while the average farm household size was 12 members. 61% of these farmers sourced their funds from personal savings while 20 % used loans from co-operative societies. The sigma square (σ 2 ) value of 0.5448 indicated a good fit for the model and a normal distribution of the error term. Level of education, years of experience in poultry keeping and number of poultry birds were positively significant variables. Intensity of funding was highest for input usage (0.1318) and least for experience (0.0013).As a policy measure, issues relating to education, years of experience, lending rates and size of poultry farms needed some attention. This was necessary to ensure a higher fund security index (FSI) for small-scale industry. Keywords

Challenges of Small Poultry Farms in Layer Production in Ikwuano Local Government Area of Abia State, Nigeria.

“…Only 2.5 percent of the respondents generate above 60,000 naira per month from their poultry business. This agree with Akanni (2007) who stated that low income from poultry business is one of the constraints to increased productions faced by small scale Sustainability, Agri, Food and Environmental Research, (ISSN: 0719-3726), 8(3), 2020: 194-204 http://dx.doi.org/10.7770/safer-V0N0-art1989 197 poultry farmers. Table1 also indicated the level of experience of the respondents; 65% of the respondents had less than 5 years' experience while 10% had above 10 years of experience.…”

“…Majority (99.2%) of the respondents were raising below 50 birds as the time of this research. According to Akanni (2007) most small-scale poultry farmers have limited finance to raise larger number of flocks.…”

“…Despite the acknowledge importance of poultry production Akanni (2007) opined that it is characterized by low production level due to limited finance for the procurement of basic poultry equipment and materials. The result of this is that many of the small-scale poultry farmers are not encouraged to increase their productivity; thereby moving from small-scale production to a large scale production by small-scale poultry farmers encountered hindrances in the poultry industry which could be detrimental to increase poultry production.…”

Economics of smallholder chicken egg production among KAFACI project farmers in Southwest Nigeria

“…They are characterized by shortage of capital cum low level of investment and its attendant low level of adoption of productivity enhancing technologies and production practices. Other constraints include high feed cost, high mortality and poor access to market among others (Apantaku, 2006;Akanni, 2007;Olaniyi et al, 2008;Adeyemo and Onikoyi, 2012;Adesehinwa et al, 2016;Saka et al, 2017). Most of these challenges are traceable to deficiencies of farmers as regards appropriate management and entrepreneurial skills, dwindling capacities to access or procure required inputs or adopt recommended routine h y g i e n e o r b i o -s a f e t y m e a s u r e s .…”

Problems and Prospects of Poultry Rearing in Lagelu Local Government Area of Oyo State, Nigeria

“…Despite the acknowledged importance of poultry production, the industry is still characterized by low production level due to limited finance for the procurement of basic poultry equipment and materials (Akanni, 2007).The result of this is that many of the small-scale poultry farmers are not encouraged to increase their productivity; thereby progressing from small-scale production to large scale production by farmers is hindered which could be detrimental to the rate of increase of the industry.…”