AN ANALYSIS OF SAVINGS AND INVESTMENT BEHAVIOUR OF FARMERS IN GIWA AND SABON-GARI LOCAL GOVERNMENT AREAS OF KADUNA STATE

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dc.contributor.authorOSAKA, JOSEPH IKECHUKWU
dc.date.accessioned2014-03-04T08:33:12Z
dc.date.available2014-03-04T08:33:12Z
dc.date.issued2006-09
dc.descriptionA THESIS SUBMITTED TO THE POSTGRADUATE SCHOOL OF AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF SCIENCE IN AGRICULTURAL ECONOMICS. DEPARTMENT OF AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY, FACULTY OF AGRICULTURE, AHMADU BELLO UNIVERSITY, ZARIA NIGERIA SEPTEMBER, 2006en_US
dc.description.abstractThe need to have adequate record about savings and investment necessitated this study. The research was carried out in Giwa and Sabon Gari Local Government Areas of Kaduna State. The specific objectives of the study were to describe the socio-economic characteristics of the farmers; examine their savings profiles; identify the factors determining their rate of savings; determine their level of investment in both farm and off-farm activities, and examine the determinants of their investment behaviour. Information was obtained from a total of 160 farmers that were randomly selected, with 80 farmers each from the two local government areas. The analytical tools employed were descriptive statistics, multiple regression and correlation analysis. The study showed that the mean income, savings and investment per farmer were N204,118, N47,351 and N65,457 respectively. The regression coefficients showed that farm income, off-farm income, and family size were responsible for about 61 percent variations observed in the level of savings. Also, farm income, off-farm income and loan obtained were responsible for about 71 percent variations in the level of investment of the farmers. The correlation analysis revealed that farm income, off-farm income, age, education, household size, farm size and farming experience were statistically significant at 1% level of probability in their relationship with savings. For investment, the result revealed that farm size, loan, farm income, off-farm income, age and farming experience were statistically significant at 1% level of probability in their relationship with investment. The conclusion drawn was that saving potential exists in the two local government areas. Some of the viii factors that exert significant positive influence on the level of savings and total investment include income, family size, loan and farm size, significant at 1% and 5% level of probability. Farm investments made were mostly recurrent investment, these include purchase of fertilizer, seeds, chemicals, hoes, cutlasses and hired labour with very little capital investment. The study recommended that price support for farmers and granting of soft loans will encourage farmers to make capital investments. There is the need for mass education and enlightenment campaign for mobilizing savings and intimating the farmers on investment opportunities.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/3140
dc.language.isoenen_US
dc.subjectANALYSIS,en_US
dc.subjectSAVINGS,en_US
dc.subjectINVESTMENT,en_US
dc.subjectBEHAVIOUR,en_US
dc.subjectFARMERS,en_US
dc.subjectGIWA AND SABON-GARI,en_US
dc.subjectLOCAL GOVERNMENT,en_US
dc.subjectAREAS,en_US
dc.subjectKADUNA STATEen_US
dc.titleAN ANALYSIS OF SAVINGS AND INVESTMENT BEHAVIOUR OF FARMERS IN GIWA AND SABON-GARI LOCAL GOVERNMENT AREAS OF KADUNA STATEen_US
dc.typeThesisen_US
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