Browsing by Author "Ayinde, O. E."
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Item Analysis of effect of price variation on rice production in Nigeria (1970 – 2011)(Faculty of Agriculture, Nasarawa State Univerisity, 2015) Ayinde, O. E.; Aina, I. V.; Babatunde, R. O.; Falola, A.Food price instability is a frequent forerunner of macroeconomic shocks and political turmoil that can discourage long-run investment and curtail growth. The study used descriptive statistics tools to highlight the trend of rice Production over the years in the study area. Time series data of a period of 42 years was obtained from various sources spanning from 1970- 2011 from editions of National Bureau of Statistics review of external trade, National Bureau of Statistics summary and annual abstract of statistics, Central Bank of Nigeria’s economic and financial review and an online database maintained by Food and Agricultural Organization (FAO). The study revealed that price of rice and quantity of production has a positive effect on each other. The Cobweb theory can be used by the government to regulate the response of price to rice production. Since increase in price brings about an increase in production, in line with the theory of Supply which states that the higher the price, the higher the quantity supplied: government should implement policies that will subsidize the price of rice to consumers and increase the level of food security in the country.Item Comparative assessment of poverty status of users and non-users of micro credit by farmers in Kwara State, Nigeria.(Federal University of Technology, Minna, Nigeria, 2015) Falola, A.; Ayinde, O. E.; Salami, M. F.; Ezekiel, I.Poverty is one of the most retarding and devastating factors in human life.Micro credit could be a viable ingredient in the alleviation of poverty. However, studies that comparatively assess the poverty status of users and non-users of micro credit are scanty. The essence of this study is therefore to assess the impact of Micro credit on farmers’ poverty status in Kwara state, Nigeria. The study describe the socioeconomic characteristics of the respondents, analyzed the determinants of the poverty status as well as extent of poverty among the users and non-user of microcredit. Cross sectional data was obtained through well-structured questionnaires administered randomly to both users and non-users of Micro credit facilities in Kwara state. For the purpose of this study, 50 users and 100 non-users of Micro credit facilities were selected. Descriptive statistics, logistic regression model and Foster-Greer-Thorbecke (FGT) model were used to analyze the data collected. The result revealed that majority (96%) of the users of microcredit had some level of formal education while, majority (88%) of the non-users had no formal education. The poverty incidence of non-users is 63% while, that of users is 52%. Among the determinants of the households’ poverty status, age of the household head and the household size had positive relationship with the household’s poverty status. While, farm income, assess to credit as well as belonging to a poverty alleviation group had a negative relationship with the household poverty status.The study therefore recommends that policies that would encourage the use of microcredit by farmers should be put in place. Family planning campaign programmes should also be put in place since the result shows that households with larger family size has a higher tendency of been poor.Item Consumer Preference of the Powdered Egg in Ilorin Metropolis(Ilorin Journal of Mrketing, 2021) Ayinde, O. E.; Adetayo, S. O.; Akanbi, S. O.Item Economic analysis of rice production among the youths in Kwara State, Nigeria.(Agricultural University of Tirania, Albania., 2013) Falola, A.; Ayinde, O. E.; Ojehomon, V. E. T.Youths’ unemployment is one the major developmental challenges facing many developing countries. However, the youths usually show apathy towards agriculture, which is a potential solution to this menace, due to perceived non-lucrativeness of the venture. In the light of this, this study assessed economic performance of youth rice farmers using Kwara State as a case study. Data were collected from 120 respondents through questionnaire using a combination of purposive and random sampling techniques. Descriptive tools, cost and return analysis, and regression model were used for the analysis. Majority of the youths were male (74.17%), married (65.83%), less educated, had no access to extension services (61.67%), small scale farmers, financed their operations with personal savings (68.33%) and had farming as a secodary occupation (73.34%). The gross margin, return to farm management and labour, gross ratio, operating ratio and return to capital invested by the farmers was N53,654.16/ha, N35,053.33/ha, 0.59, 0.36 and N1.80/ha respectively (1USD = NI58). Factors influencing rice output of the respondents were quantity of seeds (p < 0.01), farm size (p < 0.1), labour (p < 0.01), age (p < 0.01), level of education (p < 0.01), farming experience (p < 0.1), access to extension services (p < 0.01). The major problems faceed by the youths were insufficient capital, inadequate knowledge on rice production, low output price, high input cost and transportation problems. There is need for encouraging the youth through provision of improved seeds, land, credit facility, good roads and extension services.Item Economic analysis of the role of microfinance banks in funding agriculture in rural areas of Kwara State, Nigeria.(Directorate of General Studies, Federal University of Technology, Owerri, 2013) Adewumi, M. O.; Ayinde, O. E.; Falola, A.; Adeyemi, O. O.The quest to meet the credit need of the Nigerian farmers necessitated the focus of this study. Specifically, the study examined the contribution of microfinance banks (MFBs) towards agricultural development, analyzed and compared the loans given out by these banks to agricultural sector with those given to other investment activities in the study area, examined the repayment level of the various sectors and identified the constraints hindering efficient contribution of the banks to agricultural development in the study area. Data obtained from ten MFBs in Kwara State were used for the study. Descriptive and inferential statistics were used for data analysis. The study revealed that most of the banks’ loan were granted to trade and commerce sector while the agricultural sector obtained just about one-fifth of loan disbursement annually. As regard loan recovery however, the agricultural sector compared more favourably than other sectors to which more loan was disbursed. The problems facing the MFBs in making more contribution to agricultural development in the study area include less saving habit of farmer clients, limited loan products, shortage of logistics in rural areas, less willingness of the commercial banks to lend MFBs, shortage of experienced human resources, inadequate capital to operate and lack of effective management information system. The study calls for more contribution to the agricultural sector by the banks and proffers solutions to the constraints limiting their role in agricultural development.Item Empirical analysis of poverty and agricultural growth in Nigeria.(Department of Agricultural Economics and Extension, Faculty Of Agriculture, Kogi State University, Anyigba, Nigeria., 2016) Ayinde, O. E.; Ayinde, K.; Falola, A.; Babarinde, O. S.; Ajewole, O. O.Poverty alleviation has been a great concern to developing countries. Agriculture was known to be a major contributor to national development, but suffering from neglect that has led the country to heart aching poverty. This study analyses the trend of Nigerian agricultural growth rate overtime, trend of Nigerian poverty rate overtime and examines the linkage and dimension of agricultural growth and poverty rate. Collected time series data were analysed with the aid of ARIMA model and Granger Causality test. Result showed that there were variation in the trend pattern of agricultural growth and poverty rate. Poverty rate has direct relationship with agricultural growth. That is, increase in poverty rate causes increase in agricultural growth. Consequently, relevant policies aiming at alleviating poverty should be focused on increasing agricultural growth.Item Willingness to take agricultural insurance by cocoa farmers in Nigeria.(Department of Economics, Faculty of Economics and Administrative Sciences, Niğde University, Niğde/ Turkey., 2013) Falola, A.; Ayinde, O. E.; Agboola, B. O.This study examines willingness to take agricultural insurance by cocoa farmers in Nigeria. A three-stage sampling procedure was used to select 120 cocoa farm households and structured questionnaire was used to elicit data from the respondents. The data were analysed with descriptive statistics and probit regression model. Results showed that 77.5% of the farmers were aware of Agricultural Insurance but only 50% were willing to take it. The average willingness-to-pay (WTP) for Agricultural Insurance by the respondents was N11,087.5/ha ($69.85/ha). The significant variables influencing willingness to take agricultural insurance by the farmers were age of household head, educational level, access to extension service and farm income. The study therefore recommends encouraging young well educated people to engage in cocoa farming, overhauling agricultural extension services as well as provision of insurance services to farmers at affordable rate.