Effect of Cooperative Type and Age on Profit Performance: A Study of Cooperative Societies in Awka North LGA in Anambra State, Nigeria

Abstract

The objective of the study was to determine the effect of cooperative type and age profiles on profit performance, as measured by the gross margin in Awka North LGA, Anambra State. The main research instrument was the questionnaire, which was used to obtain data from registered 35 farmers’ multipurpose cooperative societies (FMCS). Descriptive statistics such as means, tables, frequency count etc., were extensively used while inferential statistics like correlation and regression analyses were used to test formulated hypotheses. After collating and analysing the data, it was seen that FMCS was not only the dominant cooperative type but was also the oldest. It was also found that type and age profiles had significant influence on gross margin. The study therefore recommends a deepening of activities of FMCS in the area, through increase in government assistance and establishment of more FMCS in communities where they do not exist at the present.

Key Words: Cooperative societies, financial performance, gross margin, regression analysis