ASSESSMENT OF SMALL HOLDER FARMERS SAVINGS IN IKA SOUTH LOCAL GOVERNMENT AREA OF DELTA STATE, NIGERIA 1 2

• N. E. Belonwu

  Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

  Author

• H. Moseri

  Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

  Author

• C. Umeri

  Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

  Author

• G. O. Nwabeze

  Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

  Author

Savings by small holder’s farmers play significant role in both agricultural production, home management and rural livelihood. It’s on this the study assess the factors that determine savings among smallholder farmers in Ika south local government area of Delta State, Nigeria, specifically it investigated the socioeconomic characteristics of smallholder farmers; identify the major reasons they save; and determine factors influencing savings. Multi –stage sampling method was used in the selection of one hundred and thirty-two (132) respondents. Descriptive and inferential statistical tools were used to analyze data collected. Results revealed that respondents were of age (49 years), mostly male (84.6%), married (66.7%), educated (82.5%) with household size of six persons, experienced in farming (15 years) with many (65.15%) earning income of ₦20,000-50,000 and involved in small scale production, Majority (54.5%) save cash and patronized formal saving institutions, The result revealed majority (69.6%) were constrained by inadequate farm income and that significant relationship existed between age ,sex, marital status, education, household size, farming experience, farm size, household income and their method of saving. Based on the findings, it was concluded that they have been involved in savings with formal financial institutions. However, their saving has been affected negatively. It therefore important, they are encouraged to go into large scale production that improves productivity, attract more income and have enough to save.

1. N. E. Belonwu, Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

   Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

2. H. Moseri, Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

   Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

3. C. Umeri, Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

   Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

4. G. O. Nwabeze, Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

   Dept. of Agricultural Science, University of Delta, Agbor, Delta State. Research outreach department, National Institute for freshwater fisheries research, New Bussa, Niger State

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