Effects Of Socio-Economic Characteristics Of Farmers On Savings Mobilization For Agricultural Production In Mubi Region, Adamawa State, Nigeria

  • PM Bzugu AJOL
  • YW Hayatu
Keywords: Saving, Mobilization Techniques, Agricultural production.


The study examined savings mobilization and its effects on agricultural production in Mubi Region, Adamawa state, Nigeria. Primary data were obtained from sample of 241 farmers using questionnaire. Secondary data was also used in the study. Findings of the study revealed that 67.2% of the farmers have ages between 21-40 years, 62.5% are married,
24.5% attended post secondary education, 25.7% have family size of 7-9 people, 78.9% indicated farming as their main occupation, 35.8% also indicated farming as their secondary occupation with 49.5% giving reasons as some of farm income, 26.1% have farming experience over 25 years, 53% have annual income of N20, 000 and above and 59.8%
obtained farm land by inheritance. Other findings include 55% of them have distance of savings institutions above 11kms, 40.7% use peer groups and age groups as source of farm labour, 46.9% produce for commercial purpose, 31.5% have fertilizer purchase aided by
savings, 61.4% have total annual savings of less than N 10, 000. On factors influencing farmers to save, 31.1% have rate of farm income in agricultural production inadequate, 39.4% parents as source of finance, 67.7% farm gate as sales point of agricultural produce,
46.9% prices of farm produce as good and 46.9% poor farm yields as a factor influencing savings. Regression analysis shows that X2(annual income), X3(household size), and X4(farming expenditure) significantly influence total annual savings of farmers (P<0.05).

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eISSN: 0794-1005