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ISSN : 2456-8643

Title:
EFFECT OF ACCESS TO COMMERCIAL AGRICULTURE CREDIT SCHEME (CACS) ON THE AGRICULTURAL OUTPUT OF BENEFICIARIES AND NONBENEFICIARIES IN ANAMBRA STATE, NIGERIA

Authors:
Azubugwu, Nonyelum M. & Osuafor, Ogonna O. ,Nigeria

Abstract:
The growth and productivity of the Agricultural sector has been hindered by limited access to credit facilities. Hence, there is need to provide credit to farmers to boost agricultural output in Nigeria. This paper set out to investigate the effect of Access to Commercial Agriculture Credit Scheme (CACS) on the Agricultural Output of beneficiaries and non-beneficiaries in Anambra State, Nigeria. The methodology employed in the study is a descriptive survey. Data was collected using a detailed and well-structured questionnaire. Simple random sampling was applied to select 250 farmers who are members of AFAN. Propensity score matching method was used for data analysis while T-test was adopted to test the hypothesis. The results show that access to commercial agriculture credit scheme increased the output of the farmers who accessed the credit from the scheme. The major problems encountered by the farmers in accessing the scheme were stringent measures by the participating banks and collateral requirement for the collection of loans. It is recommended that farmers should increase their saving abilities in banks participating in credit programmes in order to improve their chances of having access to credit scheme whenever the opportunity arises.

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