An Examination of the Use of Agricultural Credit by Poultry Farmers in Plateau State, Nigeria's Jos South Local Government Area

Abstract

The use of agricultural loan by chicken producers in Plateau State, Nigeria's Jos South Local Government Area was examined in this study. All of the registered poultry farmers in the Jos South Local Government Area make up the study's population. The study's respondents were chosen using a multistage sampling process. Questionnaires and interview schedules were used to gather primary data, which were then analyzed using both descriptive and inferential statistics. According to the study's findings, the majority of poultry producers (86%) were men, and their mean age was 42. The majority (89%) were married, with an average household size of five persons. The study also revealed that, with an average stock size of 1658 birds and a mean farming experience of 9 years, 51% of the farmers had more education than a high school diploma. The average money used for the poultry company was ₦290164, while the average credit amount given to the respondents was ₦357224. Approximately 75% of the farmers used the loan to grow their current farming operations. Use of agricultural loan by poultry farmers was significantly influenced by gender, household size, farming experience, and flock size. The primary barriers to using agricultural financing among chicken farmers were the insufficiency of the credit amount received (58.0) and conflicting family demands (32%). In order to facilitate larger quantities of payments to farmers, the study suggested that banking institutions increase their budgetary allocations and implement farmer-friendly policies.