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Dec 31, 2020Keywords:
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IMPACT OF ACCESS TO CREDIT ON FARM OUTPUT AMONG AGROFORESTRY FARMERS IN OYO STATE, NIGERIA
Abstract
Agroforestry contributes to food and income security, and improvement of crop productivity. Access to
agricultural credit is crucial to the enhancement of agricultural growth and development. The study examined
the impact of access to credit on the output of agroforestry farmers in Oyo State, Nigeria. A multi-stage sampling
technique was used to select the respondents from the study area. Descriptive (frequencies and percentages) and
inferential statistics (Propensity Score Matching-PSM) were used in the study. The results show propensity score
distribution and common support for propensity score estimation from the covariate balancing tests both before
and after matching in which the treatment (credit access) and comparison (non-access to credit) groups are said to
be balanced. Meanwhile, the result of the impact of access to credit facilities on farmers' output in the study from
the PSM analysis shows that access to credit had a positive and significant impact on the farmers output.
Therefore, the study concludes that improving access to agricultural credit facilities could be a potential source of
poverty reduction among farmers in the study area through the enhancement of farmers' output and by extension
improving their income. In view of this, farmers' access to credit facilities needs to be enhanced through the
development and encouragement of farm-level policies that ensure easy access to financial credit among rural
farmers.
