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

Abstract

The regression, determinant of savings 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. Data was collected on socio-economic characteristics, inputs, output as well as their prices. The result revealed that savings from last cropping season, size of farm land for farming and saving 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 banks should create channels through which farmers especially can be educated on saving modalities, the rural financial intermediaries should encourage farmers to sav by raising the interest paid on saving