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. |
