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Determinants of agricultural credit supply by rural banking institutions to small scale farmers in Benue State, Nigeria: 2009-2011.
(Department of Agric Economics and Extension, Faculty of Agriculture, University of Abuja, Nigeria., 2011) Ali, O.; Odoemenem, I.U.; Lawal, W.L.
The main objective of this paper is to analyse the determinants of Agricultural credit supply by rural banking institutions (Deposit Money Bank, Bank of Agriculture, Micro Finance Banks) to small scale farmers in Benue State Nigeria: 2009-2011. Data for the study were collected from 180 respondents using multistage sampling technique. A set of structured questionnaire was administered on randomly selected respondents who are beneficiaries of agricultural credit from these banks. Ordinary Least Square Regression Analysis was used to estimate the agricultural credit supply functions for the banks. The result obtained reveals that lending rate, repayment rate and savings deposit significantly influenced the supply of agricultural credit to small scale farmers by these banks in Benue State. In view of the finding of this study it was recommended among others, that increased financial resources should be made available by the state and donor agencies to the banks to reactive and re-energize them especially during their negative cash flow stages.