Demand for Institutional Credit from the Nacrdb by Small Scale Farmers in Imo State, Nigeria.

This study was designed to investigate the demand for institutional credit among small scale farmers in Imo State. A sample of 40 livestock and 50 food crop farmers were selected respectively using multistage random sampling technique. Data were collected with a well structured questionnaire administered to a total of 90 randomly selected farmers. Data collected were analyzed using descriptive statistics, inferential statistics and ordinary least square multiple regression technique. Results showed that farm income, interest rate, household size, distance to the bank, expenditure on labour, level of education and farming experience are important factors influencing the demand for institutional credit by farmers. It is recommended that inorder to raise the level of farmers’ income and their standard of living, there is need for credit demand and utilization for farm production. [J. S. Orebiyi et al. Demand for Institutional Credit from the Nacrdb by Small Scale Farmers in Imo State, Nigeria. International Journal of Agricultural Science, Research and Technology, 2011; 1(2):83-87].