IDEAS home Printed from https://ideas.repec.org/p/ags/naae17/288311.html
   My bibliography  Save this paper

Analysis of factors Affecting Agribusiness in Oyo State, Nigeria

Author

Listed:
  • Fato, B.F.
  • Oyegbami, A.
  • Nwali, C.S.
  • Obute, J.E.

Abstract

Despite the importance of agribusiness in the development process, the sectors face rangeof prqblems and as such this study analyzed the factors affecting agribusiness in Oyo Sfate, Nigeria and specifically: (i) described the socio-economic characteristics of the respondents, (ii) identified the types of agribusiness the respondents are involved, (iii) examined _the level of accessibility to inputs for the various agribusiness and (iv) examined the factors affecting agribusiness in the study area. 1\ multi stage sampling procedure was used to select two local government areas _out of which 120 agribusiness owners were randomly sampled. The mean age of the respondents was 52ye~rs while 52.5 % of the respondents were males with average annual . income of "203,000. The· different agribusiness carried out in the area include crop farming, livestock farming, crop processing, production oflivestock feed, marketing of farm produce among others. Factors affecting agribusiness in the area were found to include insufficient fund, insufficient land, high cost of e_quipment, transportation problem, pest and diseases, high cost of production, and price' fluctuatton of agricultural produce. The chi-square result showed that there were significant relationships between marital status (x2 =28.02, P<0.05), education (x2=61.25, P<0.05) of agribusiness owners and the factors affecting their agribusiness in the study area. Also, Pearson correlation result showed that there were significant relationship between respondent's age (r=0.665, P<0.00£), years offarming experiertce (r=0.243, P<0.05) and the factors affecting their agribusiness involvements. in the study area. The study recommends that the respondents should be encouraged to go into other. types of agribusiness. apart-from-crop farming _in the study area. Also, government should cnc:ourage respondents by making fund available and accessible as loan to respondents sin-:c one or:themajor factors affecting agribusiness is insufficient fund.

Suggested Citation

  • Fato, B.F. & Oyegbami, A. & Nwali, C.S. & Obute, J.E., 2017. "Analysis of factors Affecting Agribusiness in Oyo State, Nigeria," 2017 Annual NAAE Conference, October 16-19, Abeokuta, Nigeria 288311, Nigerian Association of Agricultural Economists.
    • Handle: RePEc:ags:naae17:288311
    DOI: 10.22004/ag.econ.288311
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/288311/files/NAAE_2017_011.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.288311?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Agribusiness;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:naae17:288311. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/naaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.