DETERMINANT OF SAVING AMONG YAM FARMERS IN PAIKORO LOCAL GOVERNMENT OF NIGER STATE, NIGERIA

Abstract

The regression, determinant of saving among yam farmers in Paikoro Local Government, Niger State was investigated using regression. Data was collected from randomly selected 120 yam farmers using structured questionnaire through interview schedule. Simple descriptive statistics, and multiple regression were used to analyze data collected. Data collected on socio-economic characteristics, inputs, outputs as well as their prices. The result revealed that savings from last cropping season, size of farm land for farming and savings from off-farm activities, household size and household expenses were found to be statistically significant in determining the positive relationship between Net returns (Y) and factors of production. The study recommends that Government and bank should create channels through which farmers especially can be educated on saving modalities, the rural financial intermediaries should encourage farmers to save by raising the 8interest paid on saving.