Socioeconomic Factors Affecting Intensity of Market Participation among Smallholder Yam-Based System Farmers in Oyo North Area of Nigeria

In the present study, we investigated the factors that affect yam market participation by smallholder yam farmers in Oyo North area of Oyo State, Nigeria. The basic Probit and Tobit econometric models were employed. The study identifies the socioeconomic and demographic characteristics of the smallh...

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Bibliographic Details
Published in:Journal of economic & management perspectives 2009-06, Vol.3 (2), p.131
Main Authors: Nwigwe, Cecilia, Okoruwa, Victor, Nkamleu, Blaise, Oni, Omobowale, Oyekale, Abayomi
Format: Article
Language:English
Subjects:
Agriculture
Cocoa
Corn
Econometrics
Farmers
Food
Households
Participation
Seasons
Socioeconomic factors
Studies
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Summary:In the present study, we investigated the factors that affect yam market participation by smallholder yam farmers in Oyo North area of Oyo State, Nigeria. The basic Probit and Tobit econometric models were employed. The study identifies the socioeconomic and demographic characteristics of the smallholders, the volume of production, consumption, sales, and the various market options used by the farmers: econometrically analyzes the factors affecting market participation: identifies the major constraints faced by the smallholders. The results showed that access to market information, contact with extension agents, transportation cost, farm size, and access to credit facility were among the major factors affecting market participation among farmers. To the extent that our smallholder sample may be representative of a wide and broader set of circumstances, our findings led to the recommendation of policy and institutions that support access to productive assets (such as land) and markets. [PUBLICATION ABSTRACT]
ISSN:2523-5338
2523-5338