Oyinbo Et Al

Advertisements

Oyinbo et al



Greener
Journal of  Agricultural Sciences

Vol. 3 (
1), pp.021-026,
January 2013


 ISSN: 2276-7770 



Research

Paper

Manuscript
Number:111212255

DOI: http://dx.doi.org/10.15580/GJAS.2013.1.111212255

 



Determinants of Crop Farmers Participation in
Agricultural Insurance in the Federal Capital Territory,
Abuja, Nigeria


 


1
Abdulmalik,
R.O, 2Oyinbo, .O, and 3Sami, R. A


 

1Department
of Agricultural Economics and Rural Sociology

2,3Department
of Plant Science, Faculty of Agriculture/Institute for
Agricultural Research Ahmadu Bello University, Zaria,
Nigeria

 

Corresponding Author’s Email: saintoyas @ yahoo.com

Abstract:

This study was carried out to determine the factors
influencing crop farmers’ participation in agricultural
insurance scheme in the federal capital territory, Abuja,
Nigeria. A two stage sampling procedure was employed to
select a sample size of 120 farmers and structured
questionnaire was used to elicit data from the farmers. The
data collected from the farmers were analysed using
descriptive statistics and logit regression model. The
findings revealed that 78.3% of the farmers were aware of
the existence of Agricultural insurance scheme but only 35%
of the farmers participated in the Agricultural insurance
scheme. The logit regression showed that age, educational
level, farm size and accessibility to credit were
significant variables that influenced the probability of
participation of the farmers in agricultural insurance
scheme while household size, membership of association and
contacts with extension agents were found to be
insignificant in influencing the farmers participation in
Agricultural insurance scheme. The major challenge faced by
farmers in the course of their participation in agricultural
insurance was delay in indemnity payment. It is recommended
that effective service delivery by insurance service
providers will ensure continuity of farmers’ participation
in agricultural insurance and also participation by farmers
who are yet to participate.
 
Keywords: Farmers, Factors, Agricultural insurance,
Participation, Logit.

Reference:


Ajetomobi
JO (2010). Supply Response, Risk and Institutional Change in Nigerian
Agriculture, AERC Research Paper 197, African Economic Research Consortium,
Nairobi.

Chikwendu
DO, Amos TT, Tologbonse EB (1995). Farmers’ response to agricultural insurance
in Niger State, Nigeria. Agricultural Systems in Africa 5 (2): 45-50.

Eleri
OE, Uduka IK, Akuto N, Onuvae P, Anwara O (2012). Towards a Climate-based
Agricultural Insurance Reform in Nigeria. Presented at the Workshop on Legal
and Regulatory Frameworks for Agricultural Insurance Reform in Nigeria –
Protecting Nigeria’s Farmers from Climate Change Kano Hall, Transcorp Hilton
Hotel, February 27, 2012. pp. 1 – 53.

Emmanuel
K (2007). Cashing in on the Advantages of the Nigerian Insurance Agricultural
Corporation. http://www.ngex.com/news/public/article.php?ArticleID=236
Retrieved on the 24th April 2012.

Gujarati
DN and Porter CD (2009). Basic Econometrics (5th Edition). McGraw-Hill, New
York.

Hazell
PB (1988). Risk and Uncertainties in Domestic Production and Price:
Agricultural Price Policy for Developing Countries, Baltimore Maryland, John
Hopkins University Press, U.S.A.

Mishra
Ak and Godwin BK (2006). Revenue Insurance Purchase Decisions of Farmers,
Applied Economics 38: 149–159.

Mohammed
C, Ahmad Y, James RL (2003). Perception of Rural Livestock Insurance among
Livestock Producers and Insurance Specialists in Isfahan Province, Iran.
Journal of International Agricultural and Extension Education 10 (1): 37-42.

Ogunride
RO (1982). Claim Settlement. Journal of Insurance Institute of Nigeria 16(3): 3
– 27.

Olubiyo
SO, Hill GP, Webster JPG (2009). Econometric Analysis of the Impact of
Agricultural Insurance on Farming Systems in the Middle Belt, Nigeria. African
Journal of Food, Nutrition and Agriculture 9(6): 1406 – 1418.

Patrick
CA (2010). Poultry Farmers’ Response to Agricultural Insurance in Delta State,
Nigeria, Journal of Agricultural Sciences 1(1): 43-47.

Phillips
DOA (1988). An empirical Review of the Proposed Agricultural Insurance Scheme
in Nigeria, African Review of Money, Finance and Banking 1: 5 – 15.

Leave a Reply

Your email address will not be published. Required fields are marked *