Determinants of Saving Capacity Of Rural Women Farmers in Ebonyi State, Nigeria


Rural women farmers play significant role in both agricultural production and home management. Despite these roles, their saving capacity seems to have been empirically documented in Ebonyi State Nigeria. A multistage random sampling technique involving three stages was employed in the section of 180 respondents. Results showed that at 1% level of significant; household size, farm cash income, farm output and distance to nearest market were the major determinants of saving capacity. The women mainly save in non-cash way which involved saving through investment in livestock production and storage of farm produce. However, minority of the women that practice cash saving, safe keep their money in the house and lending of money to fellow needy farmers. Fear of bank failure, inadequate income due to lack of access to productive resources and low returns, high consumption rate out of available income, and bureaucracy involved in opening bank account were identified as the major constraints to rural women farmers saving capacity. The study based on the finding recommended the creation of enabling socio-economic environment that will increase the rural women farm income through market creation for farm output and subsidy in the price of farm input. Again, the rural financial intermediaries should encourage farmers to save by raising the interest paid on saving; this will discourage farmers from saving in kind or hoarding cash in the house which usually lead to loss of wealth in case of thefts, burglaries. Finally, Government and banks should create channels through which farmers especially rural women farmers can be educated on saving modalities; this will not only encourage investment and consequently their saving capacity.

Keywords: Determinants, Farmers, Income, Rural Women, Saving Capacity

Unique Article ID: GJAR-125
Article Review Status: Published

Pages: 1-10 (Download PDF)

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This work by European American Journals is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License

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