Analysis of Credit Constraints on Adoption of Modern Technology among Groundnut Farmers in Hong Local Government Area of Adamawa State, Nigeria
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2019, Vol 10, Issue 1
Abstract
This study analysed credit constraints on adoption of modern technology among groundnut farmers in Hong Local Government area of Adamawa state, Nigeria. Data for this study were collected through the use of structured questionnaire. The regression variables that were statistically significant in influencing credit accessibility were level of education, distance between lenders and borrowers, perception of lending procedure, cost of borrowing, security of collateral and association membership. Moreover, in determining adoption of modern technologies were farmers’ age, cost of technology, income level, farming experience, access to modern input, credit accessibility and number of extension contacts. Lastly, the ANOVA result showed that the mean square were 11.631 and 1.240 between and within groups respectively. The study recommended that adequate extension services should be provided to promote demand for modern technologies and link the farmers to financial institutions to access credit facilities, which will enable them adopt improved technologies for higher productivity.
Authors and Affiliations
FunmilolaFausat Ahmed, Amos Caleb, Abdurrahman Bala yusuf
Keywords
Related Articles
- EP ID EP446460
- DOI 10.9790/5933-1001025264.
- Views 189
- Downloads 0
The Impact Of Technological Change On The Monitoring And Evaluation Of Imports and Exports On China And South Africa’s Economies.
China is one of the fastest growing and developing countries in the world and South Africa is one of the fastest developing countries in Africa. Trade has increased between China and South Africa and both countries’ econ...
Evaluation Of Effectiveness And Contribution Of Household Tax Receiptions For Regional Government Revenue
This study aims to determine the effectiveness level of boarding house tax revenue and the contribution level of boarding house tax revenue on local revenue of Kendari city during period year 2013- 2015. In this research...
Cryptocurrency: Its Risks And Gains And The Way Ahead
In present scenario, our life has become mostly digital or in other word we are living into a virtual world. At every stage of life, we need support of technology in either way. Almost all our transactions particularly r...
Influence of Exchange Rate on Economic Growth in Kenya
Economic growth is determined by macroeconomic variables among which include exchange rate. Policy makers seek the of effect of various decisions made regarding macroeconomic variables. The objective of this publicationw...
Trade And Financial Openness And Economic Growth In Morocco: Theoritical Debate
The development model adopted by Morocco since the 80s is characterized by the opening and conduct of structural reforms in favor of the conclusion of many free trade agreements, has had a significant impact both on dept...