Analysis of farm households’ savings: a case of small-scale tomato farmers in Akwa Ibom State, southern region of Nigeria

Authors : Sunday Akpan, Glory Edet, Ernest Charlie

Pages : 1-13

Doi:10.59359/maujan.1251422

View : 58 | Download : 55

Publication Date : 2025-04-08

Article Type : Research Paper

Abstract :The study analyzed decision to save and saving capacity of small-scale tomato farmers in Akwa Ibom State in the Southern Region of Nigeria. One hundred and twenty tomato farmers were randomly selected using multistage sampling technique. A well designed structured questionnaire was used to obtain the required data. The Heckman two-step selection method was used to analyze the data. The result of the first step estimation (Probit estimates) showed that age (18-35 years), marital status, family size and family dependent ratio were significant negative determinants of the probability to save among tomato farmers; whereas adult farmers (> 35 years), membership in social organization, farming experience, owned farm land, farm income, non-farm income, farmers’ sex and years of formal education were positive determinants. Also, the result of the second step estimation indicated that a youthful age (18-35 years), marital status, family size and dependent ratio were significant negative determinants of savings capacity of the tomato farmers, while adult age (>35 years), farming experience, membership in a social organization, owned farm land, non-farm income, farm income, farmers’ years of education were positive determinants To enhance the likelihood of saving and the saving capacity among tomato farmers in the region, it is recommended to promote formal education, encourage the formation of social groups, facilitate land ownership, and support the development of diversified income sources for the farmers
Keywords : Hanehalkı tasarrufları, , domates çiftçileri, tasarruf kararı, tasarruf kapasitesi, , Nijerya

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