Effect of Extension Information on Credit Utilization in a Democratic and Deregulated Economy by Farmers in Ondo State of Nigeria
S D Yomi-Alfred
Department Of Agricultural Economics And Extension, Federal University Of Technology, Akure.
Extension Information, Credit Utilization, Democratic and Deregulated Economy
Acquisition andutilization ofcreditfor agriculturalpurposes aidproduction and consequently makefoodavailableforthe populace. Farmers must be aware of the credit opportunities available at their disposal before such opportunitiescould be explored. To this end, extension information is vital. It is against this background that the study investigatedthe effects of extension information on credit acquisition and utilization. Some of thefindings revealed that only 11.7percent of the respondents were visited by extension agents. It was also found that information on technology andcredits were ranked highest, among the relevant extension messages. However, extension contact, frequency ofextension visit andcredit sizehadno significant relationship with credit utilization but education had. Therefore, it wasrecommended that the educatedfarmers in the communities shouldbemade toplay a role model to the non-educatedinthe use ofobtained credit.
Yomi-Alfred, S. D. (2005). Effect of Extension Information on Credit Utilization in a Democratic and Deregulated Economy by Farmers in Ondo State of Nigeria. Journal of Agricultural Extension, 8. Retrieved from https://journal.aesonnigeria.org/index.php/jae/article/view/230