COOPERATIVE AND AGRICULTURAL FINANCING(A CASE STUDY OF ABIA STATE)

COOPERATIVE AND AGRICULTURAL FINANCING(A CASE STUDY OF ABIA STATE)

ABSTRACT

This study is an analysis of cooperative and Agricultural financing in Ikwuano Local Government area of Abia State. The objective was to ascertain the capital reserve of cooperative societies and to determine the source of finance for cooperative society in the area. To determine the extent to which cooperative societies have improved farmers access to financing capital in the study area.

Three committee were randomly selected and five (5) cooperative societies were equally selected and data were solicited with the use of structured questionnaire. Also data were collected on such variable as socio-economics characteristic and management practices. Data were analyzed using sample descriptive statistics such as Chi-square and survey method were adopted all geared towards gathering information as regards to how cooperative and agricultural financing are being done in those areas.

Also, in every organization be it profit oriented or non- profit oriented organization, finance is the life were of such organization. Like wise in every sector of the economy like agricultural and cooperative society as for The purpose of this research work. Finance is very essential. In the course of this research work we will identify and highlight various ways and methods in which this society is being financed. The system is going for long and short term borrowing has gone a long way in  helping the  cooperative and agricultural  movement in that area, often times the government through the ministry of Agricultural  and ministry of cooperative in Collaboration  with chambers of commerce and industry do  give their maximum assistance for the  development and growth of the society.

In the same vain, lack of adequate financial  assistance can lead to big problem and constraints and   as a matter of where poor services to its society and   the public large.

TABLE OF CONTENT

Title page

Approval page……………..……………………………..…..ii

Dedication………………………………………………………iii

Acknowledgement……………………………………………iv-v

Abstract…………………………………………………………vi-vii

Table of content………………………………………………viii-x

CHAPTER ONE

• Introduction……………………………………………………………..1
  • Background of the study………………………………….1-2
  • Statement of problem………………………………………3
  • The Objective of the study……………………………….4
  • Research Questions…………………………………………..4-5
  • Statement of Hypothesis…………………………………..5-6
  • The significance of study………………………………….6-7
  • The Scope of the study……………………………………..7
  • The limitation of the study…………………………………7
  • Definition of terms…………………………………………….8-9

CHAPTER TWO

• Literature Review…………………………………………………….10
  • Introduction……………………………………………………10-11
  • History of cooperative………………………………….11-12
  • Formation of cooperative……………………………..12-14
  • Goals of cooperative………………………… ………….14-15
  • Types of cooperative……………………………………..15-18
  • Importance of cooperative financing……………19
  • Benefits of cooperative and Agricultural  financing…………………………………………………………20
  • Source of fund in cooperative………………………20-24

References……………………………………………………..25

CHAPTER THREE

• Research design and methodology………………………..26
  • Introduction…………………………………………………….26
  • Research design…………………………………………..26-27
  • Sources of data /methods of data collection..27-28
  • Population and sample size…………………………..29-30
  • Sampling techniques………………………………………..30
  • Validity and reliability of measuring instrument……….30-31
  • Method of data analysis……………………………….31-32

CHAPTER FOUR

• Presentation of analysis and interpretation of data…33
  • Introduction………………………………………………………33
  • Presentation of data…………………………………….33-39
  • Analysis of data……………………………………………39-41
  • Test of Hypothesis……………………………………….41-48

CHAPTER FIVE

• Summary, Conclusion and Recommendation………49
  • Introduction……………………………………………….…49
  • Summary of findings……………………………………49-51
  • Conclusion……………………………………………………..51
  • Recommendation…………………………………………..52

Bibliography……………………………………………………53-55

Appendix……………………………………………………….56-58

CHAPTER ONE

• INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Agriculture is the oldest industry known to mankind and it is the source of our food and mankind and it is the source  of our food and raw material for many industry ( Lot, 2003) infact it can be justified referred to as the worlds primary industry (lot 2003). At more than 25 years after the country’s political independence, it is a paradox that Nigeria agriculture still manifest the typical symptom of a peasant agriculture, the farms are small averaging less than five (5) hectares of land and accounting for over 90 percent of he total production the farming population is itself rapidly going down, with attendant deterioration in the vigor and satiability of the human labour the primary production suffer  from irreversible rural and urban migration which contributed to the depopulation of the country size  that by making labour more scare and thus more expensive, the livestock industry is dominated by nomadic herdsmen while the fishing sector is essentially artisans, the forestry resources which are the sometimes of nature suffer from massive exploitation without regeneration ( Ijere et al 2009).

The result of that is low productivity and slow rate of growth which is between (1991-1998)  has been put at one percent per annum  for an economy which is heavily skewed inferior of primary production, this growth rate will hardly  be seen as impressive.

The cause of this is stagnation in the agricultural sectors which is so numerous and varied  as they art complex. It has been argued that the oil “syndrome” has undermined the performance of the agricultural sector by accelerating the shift of labour capital management talent to other industries ( Ijere et al 2009). Also the past urban basis for public policies enhanced the productivity if investment in non- agricultural commodities  to the detriment of  investment in the agricultural sector ( Ijere et al 2009).

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