<p> <b>TABLE OF CONTENTS </b></p><p>ABSTRACT...............................................................................................................................i </p><p>ACKNOWLEDGEMENTS ......................................................................................................ii </p><p>TABLE OF CONTENTS..........................................................................................................iii</p><p>LIST OF TABLES ...................................................................................................................iv</p><p>LIST OF FIGURES...................................................................................................................v</p><p>
Chapter 1
: INTRODUCTION AND BACKGROUND ....................................................... 1 </p><p>1.1 Introduction ......................................................................................................................1 </p><p>1.2 Background to the study ...................................................................................................2 </p><p>1.3 Problem statement ............................................................................................................5 </p><p>1.4 Objectives of the study .....................................................................................................7 </p><p>1.5 Research question .............................................................................................................7 </p><p>1.6 Justification of the study...................................................................................................7 </p><p>1.7 Organization of the study .................................................................................................8 </p><p>
Chapter 2
: LITERATURE REVIEW ................................................................................. 10 </p><p>2.1 Introduction ....................................................................................................................10
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2.2 Overview of Saskatchewan agriculture ..........................................................................10 </p><p>2.2.1 Crop production .......................................................................................................10 </p><p>2.2.2 Animal husbandry....................................................................................................11 </p><p>2.3 Background of Market Prospects ...................................................................................12 </p><p>2.4 Review of relevant literature ..........................................................................................13 </p><p>
Chapter 3
: DATA COLLECTION AND ANALYTICAL METHODS USED................. 21 </p><p>3.1 Introduction ....................................................................................................................21 </p><p>3.2 Theoretical framework ...................................................................................................21 </p><p>3.3 Sampling and data collection methodology....................................................................22 </p><p>3.4 Data analysis...................................................................................................................23 </p><p>3.5 Variable specification and expected relationship ...........................................................23 </p><p>3.6 The econometric model ..................................................................................................26 </p><p>3.7 Conceptual framework of the probit model....................................................................27 </p><p>3.8 Model estimation ............................................................................................................28 <br></p><p>
3.8.1 Maximum likelihood estimation ..............................................................................28 </p><p>3.8.2 Marginal probability effects.....................................................................................29 </p><p>3.9 Summary.........................................................................................................................30 </p><p>4.1 Introduction ....................................................................................................................31 </p><p>4.2 Descriptive statistics of relevant variables .....................................................................31 </p><p>4.2.1 Farmer/operator age .................................................................................................31 </p><p>4.2.2 Gender......................................................................................................................31 </p><p>4.2.3 Educational attainment.............................................................................................32 </p><p>4.2.4 Farm ownership .......................................................................................................33 </p><p>4.2.5 Gross sales for the previous year .............................................................................33 </p><p>4.2.6 Farm experience.......................................................................................................34 </p><p>4.3 Analysis of Market Prospects.........................................................................................35 </p><p>4.3.1 Number and frequency of view................................................................................35 </p><p>4.3.2 Evaluation of Market Prospects...............................................................................38</p><p> 4.3.3 Test of independence between gross sales, education level and information sources
...........................................................................................................................................40 </p><p>4.3.4 Ranking of market information sources...................................................................42</p><p> 4.4 Empirical modeling ........................................................................................................43</p><p> 4.4.1 Human sources of information.................................................................................45 </p><p>4.4.2 Traditional sources of information...........................................................................48 </p><p>4.4.3 New media sources of information ..........................................................................49
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Chapter 5
: SUMMARY, CONCLUTIONS AND RECOMMENDATIONS .................... 52 </p><p>5.1 Introduction ....................................................................................................................52 </p><p>5.2 Summary.........................................................................................................................52 </p><p>5.3 Conclusions ....................................................................................................................53</p><p> 5.4 Recommendations ..........................................................................................................54 </p><p>5.5 Limitations of the study..................................................................................................54 </p><p>5.6 Suggestions for future research ......................................................................................55 </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 </p><p>
Appendix C: Test of independence between education and information sources................67 </p><p>Appendix D: Results of logit model estimation ...................................................................72 </p><p>Appendix E : Survey questionnaire ......................................................................................75
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Project Abstract
ABSTRACT
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.
Keywords Market prospects, market information, probit regression, sources, information.