Effect of non-farm income on poverty status among rural farmers in southwest Nigeria

Adepoju, A. A.; Olapade-Ogunwole, F

doi:10.5958/2230-7338.2015.00043.9

Cited by 2 publications

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“…Male, therefore, constitute the majority of the farming population (Anderson et al, 2017). This average age of farmers collaborates those of (Adepoju and Olapade, 2015;Ademola and Abang, 2015;and Adedejebi, 2019). The average age of 47 is delicately close to the life expectancy of Nigeria of 54 years and 13 years short of the official retirement age of 60 years, though it may not apply to farmers.…”

Section: Socioeconomic Characteristics Of the Respondentsmentioning

confidence: 54%

“…Furthermore, farm income-generating ability declines with age. Adepoju and Olapade (2015) observe that age and poverty have a negative correlation such that as the farmers get older farm income decreases and poverty increases. There is therefore a message for policymakers about farmers' age structure, the need to facilitate the entrant of youths into the farming business is signaled.…”

Section: Socioeconomic Characteristics Of the Respondentsmentioning

confidence: 99%

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Farmers` attitude and behavior toward savings in Ika south local government area of delta state, Nigeria

Isiorhovoja

Ebewore

Nwachi

2020

Asian Journal of Agriculture and Rural Development

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The study ascertained the attitude of farmers towards saving behaviour in Ika South Local Government Area of Delta State, Nigeria. The data were collected by questionnaires and analyzed using descriptive statistics and logistic regression. The results revealed that the mean age of respondents was 47 years, majority of farmers' were male (62%) and had formal education (66.2%), mean household size was four persons and farm size had a mean of 2.9 hectares. Farmers have a positive attitude towards saving but were not comfortable with commercial banks. They, however, seek alternative avenues for savings. Level of education, farm size, and years of farming experience were significant determinants of savings. Three top challenges to savings were inadequate income, family responsibility, and cost of inputs. It was recommended that policies that increase farm size/boost farm income be pursued and that commercial banks should pay particular attention to the needs of farmers in service administration to encourage them to develop a positive attitude towards commercial banks. Contribution/ OriginalityThe paper identified the causes of low savings among rural farmers in Delta State, Nigeria. It also categorized the poor saving habits of farmers with commercial banks. Solutions were thus provided along with the causes/nature of the challenges to saving identified.

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Section: Socioeconomic Characteristics Of the Respondentsmentioning

confidence: 54%

Section: Socioeconomic Characteristics Of the Respondentsmentioning

confidence: 99%