JOHANNES MUNZ1*, RHEINRICH SCHUELE2
THEOPHILUS MIEBI GBIGBI1*, OKEOGHENE AMARERE2 AND VICTOR.AZUKA CHUKS-OKONTA3
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1, 2 & 3 Department of Agricultural Economics and Extension, Delta State University Asaba Campus. PMB 95074, Asaba, Nigeria * Corresponding Author email:gbigbitheophilusmiebi@yahoo.com +23480-3959-1604 Authors emails: okeogheneamarere@gmail.com; chuksokontavictor@gmail.com Abstract Credit intervention for farmers sustainability necessitates information. There is lack of empirical information on among of credit accessed and its contributing factors. This issue deserve in-depth investigation. The study analyzed the impact of Bank of Agriculture credit on farmers beneficiaries. Primary data were gleaned with structured questionnaire on 280 BOA credit beneficiaries. Both descriptive and inferential statistics such as percentage, frequencies, means, Eta squared formular, t-test and regression model were applied for data analysis. The outcome showed that BOA credit had direct impact on beneficiaries income, output, farm size and labour employed. The finding on t-test showed significant increase after receiving credit from BOA for their farming activities. The Eta square method showed significant impact existed after benefiting from BOA credit. The result on the amount received by beneficiaries revealed an average of N332, 964.29K. The result of regression model showed that age, farming experience, educational level, farm size, cooperative association, household size, loan repayment, marital position and income level influenced amount of credit accessed. Credit policy to tackle the issue of credit disbursement to protect the farmers is recommended. Keywords: Credit; beneficiaries; bank of agriculture; eta square formular. |