ANALYSIS OF SOURCES OF MARKET INFORMATION FOR FARMERS IN NIGERIA

 

Table Of Contents


  • <p>&nbsp;            <b>TABLE OF CONTENTS&nbsp;</b></p><p>ABSTRACT...............................................................................................................................i&nbsp;</p><p>ACKNOWLEDGEMENTS ......................................................................................................ii&nbsp;</p><p>TABLE OF CONTENTS..........................................................................................................iii</p><p>LIST OF TABLES ...................................................................................................................iv</p><p>LIST OF FIGURES...................................................................................................................v</p><p>

Chapter ONE

INTRODUCTION

  • AND BACKGROUND ....................................................... 1&nbsp;</p><p>
  • 1.1Introduction ......................................................................................................................1&nbsp;</p><p>
  • 1.2Background to the study ...................................................................................................2&nbsp;</p><p>
  • 1.3Problem statement ............................................................................................................5&nbsp;</p><p>
  • 1.4Objectives of the study .....................................................................................................7&nbsp;</p><p>
  • 1.5Research question .............................................................................................................7&nbsp;</p><p>
  • 1.6Justification of the study...................................................................................................7&nbsp;</p><p>
  • 1.7Organization of the study .................................................................................................8&nbsp;</p><p>

Chapter TWO

LITERATURE REVIEW

  • ................................................................................. 10&nbsp;</p><p>
  • 2.1Introduction ....................................................................................................................10 <br></p><p>
  • 2.2Overview of Saskatchewan agriculture ..........................................................................10&nbsp;</p><p>2.
  • 2.1Crop production .......................................................................................................10&nbsp;</p><p>2.
  • 2.2Animal husbandry....................................................................................................11&nbsp;</p><p>
  • 2.3Background of Market Prospects ...................................................................................12&nbsp;</p><p>
  • 2.4Review of relevant literature ..........................................................................................13&nbsp;</p><p>

Chapter THREE

RESEARCH METHODOLOGY

  • DATA COLLECTION AND ANALYTICAL METHODS USED................. 21&nbsp;</p><p>
  • 3.1Introduction ....................................................................................................................21&nbsp;</p><p>
  • 3.2Theoretical framework ...................................................................................................21&nbsp;</p><p>
  • 3.3Sampling and data collection methodology....................................................................22&nbsp;</p><p>
  • 3.4Data analysis...................................................................................................................23&nbsp;</p><p>
  • 3.5Variable specification and expected relationship ...........................................................23&nbsp;</p><p>
  • 3.6The econometric model ..................................................................................................26&nbsp;</p><p>
  • 3.7Conceptual framework of the probit model....................................................................27&nbsp;</p><p>
  • 3.8Model estimation ............................................................................................................28&nbsp;<br></p><p> 3.
  • 8.1Maximum likelihood estimation ..............................................................................28&nbsp;</p><p>3.
  • 8.2Marginal probability effects.....................................................................................29&nbsp;</p><p>
  • 3.9Summary.........................................................................................................................30&nbsp;</p><p>
  • 4.1Introduction ....................................................................................................................31&nbsp;</p><p>
  • 4.2Descriptive statistics of relevant variables .....................................................................31&nbsp;</p><p>4.
  • 2.1Farmer/operator age .................................................................................................31&nbsp;</p><p>4.
  • 2.2Gender......................................................................................................................31&nbsp;</p><p>4.
  • 2.3Educational attainment.............................................................................................32&nbsp;</p><p>4.
  • 2.4Farm ownership .......................................................................................................33&nbsp;</p><p>4.
  • 2.5Gross sales for the previous year .............................................................................33&nbsp;</p><p>4.
  • 2.6Farm experience.......................................................................................................34&nbsp;</p><p>
  • 4.3Analysis of Market Prospects.........................................................................................35&nbsp;</p><p>4.
  • 3.1Number and frequency of view................................................................................35&nbsp;</p><p>4.
  • 3.2Evaluation of Market Prospects...............................................................................38</p><p>&nbsp;4.
  • 3.3Test of independence between gross sales, education level and information sources ...........................................................................................................................................40&nbsp;</p><p>4.
  • 3.4Ranking of market information sources...................................................................42</p><p>&nbsp;
  • 4.4Empirical modeling ........................................................................................................43</p><p>&nbsp;4.
  • 4.1Human sources of information.................................................................................45&nbsp;</p><p>4.
  • 4.2Traditional sources of information...........................................................................48&nbsp;</p><p>4.
  • 4.3New media sources of information ..........................................................................49 <br></p><p>

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • CONCLUTIONS AND RECOMMENDATIONS .................... 52&nbsp;</p><p>
  • 5.1Introduction ....................................................................................................................52&nbsp;</p><p>
  • 5.2Summary.........................................................................................................................52&nbsp;</p><p>
  • 5.3Conclusions ....................................................................................................................53</p><p>&nbsp;
  • 5.4Recommendations ..........................................................................................................54&nbsp;</p><p>
  • 5.5Limitations of the study..................................................................................................54&nbsp;</p><p>
  • 5.6Suggestions for future research ......................................................................................55&nbsp;</p><p>REFERENCES......................................................................................................................... 56 Appendix A: Descriptive statistics of farmers evaluations of market prospects information ..............................................................................................................................................60 Appendix B: Test of independence between farm size (gross sales) and information sources ..............................................................................................................................................64&nbsp;</p><p> Appendix C: Test of independence between education and information sources................67&nbsp;</p><p>Appendix D: Results of logit model estimation ...................................................................72&nbsp;</p><p>Appendix E : Survey questionnaire ......................................................................................75 <br></p>

Project Abstract

<p>&nbsp;                   <b>ABSTRACT&nbsp;</b></p><p>With several sources of information available to farmers, it is not certain where Nigeria farmers looking for market information turn to for help in their businesses. Survey data from a sample of 577 crop farmers across the province are used to assess the usefulness of information sources to the farmers. The study uses a probit regression model to determine which of the various sources of market information Nigeria farmers use and the factors that influence these preferences. Results show that preferences are varied depending on characteristics of the operator and farm business. The majority of the farmers interviewed indicated their preferred market information source is another farmer who is in the same business. The next preferred source of market information is a telephone call or text message from trading partners. Social media is the least preferred source of market information among respondents. The level of education of farmers and whether or not they use the Internet to search for market information influence preferences for market information source usage. The sizes of operation, farmers’ age, and whether they use more modern farm technology have no statistical significance on evaluation of usefulness.&nbsp;</p><p><b><i>Keywords Market prospects, market information, probit regression, sources, information. </i></b> <br></p>

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