Tag Archives: agribusiness

The Implementation of the Rural Agribusiness Effort Program (Raep) Towards Rice Farming Income in South Sulawesi Province, Indonesia (Published)

The research aimed to assess the impact of the Farmers Group Joint (FGJ) in implementing the RAEP and analyzed the activities of agribusiness and development programs in Maros Regency, South Sulawesi Province, Indonesia. The object to be measured was the impact of the development of rural agribusiness of rice farming by farmers. The research used a survey method with interview technique. The samples were selected through a simple random sampling technique by taking as many as 10%, so that the respondents consisted of 52 farmers. The data used were primary and secondary data. The research results revealed that the implementation of the RAEP on the performance of the FGJ was quite effective. The performance aspects of the FGJ members included the level of interest and the level of strength. The parts of these levels were categorized effective. The implementation of the program showed a value of -15.778 with a significance of 0.000 < 0.05, H1 was accepted, so that there was a difference in the level of farmers before and after the implementation of the RAEP. The average of the farmers’ income before the program was IDR 15,553,192.31, while after the program the average of income was IDR 18,791,826.92. Thus, the average of difference value was IDR 3,238,634.61 or 20.82%.  And, the income from the total cost showed that part of the farmer’s income was the value of -14.126 with a significance of 0.000 < 0.05, H1 was accepted, so that there was a difference in the level of income in the RAEP. The average of income before obtaining a program fund was IDR 11,763,124.81 per harvest, while after the program the average was IDR 14,681,875.00 per harvest. Thus, the average of difference was IDR 2,918,750.19 or 24.81%.

Keywords: Farmers Group, Farming Income, Rural, agribusiness

Determinants of Agribusiness entities loan default in the Tamale Metropolis of Ghana (Published)

This paper explores determinants of loan default by Agribusiness entities in the Tamale Metropolis of Ghana. Data to examine the causes of loan default was obtained from owners through structured questionnaire and descriptive statistics, Kendall coefficient of concordance and logistic binary regression was used to analyse the data. Financial variables were more significant than demographic characteristics of agribusiness entities to cause loan default. This suggests financial institutions must apply appropriate adjustments to financial variables in order to minimize loan default risk considering the agricultural sector.

Keywords: Credit Constraints, Ghana, Loan Default, Tamale, agribusiness, logit model

TAXATION AND AGRIBUSINESS TECHNOLOGY INTERFACE: STRATEGIC FINANCIAL MANAGEMENT IMPERATIVES IN NIGERIA (Published)

This study examined the moderating influence of technology in the relationship between taxation and return on investment in agribusinesses operating in Nigeria. Seven agribusinesses listed in the Nigerian Stock Exchange (NSE) Fact Book were involved in the study. Adopting the survey research design, questionnaire was administered on general managers, chief accountants, finance managers, and chief internal auditors of the selected firms as well as external auditors and tax administrators. Test re-test of the research instrument revealed very high reliability co-efficient. On account of this, the data generated were presented using tables, frequencies and percentages while the composite research hypothesis was tested regression and t-test analytical tools, aided by Software Package for Social Sciences (SPSS). The results was established a weak moderating influence while reaffirming the inverse relationship between taxation and return on investment. It is recommended that the efficiency-driven ideals of strategic financial management which imperatively underscore effective tax planning in order to justify all ensuing technology-related tax liabilities of agribusinesses for the ultimate sustainable diversification of the Nigerian economy.

Keywords: Strategic Financing, Taxation, Technology, agribusiness

CONSTRAINTS TO ENTREPRENEURSHIP AND INVESTMENT DECISIONS AMONG AGRIBUSINESS INVESTORS IN SOUTHEAST, NIGERIA (Published)

Despite the role entrepreneurs play in the development of any economy, there seems to exist a dearth of empirical knowledge on what constrains entrepreneurs in taking effective entrepreneurial and investment decisions in Southeast Nigeria. A combination of purposive and multistage sampling techniques was employed in the selection of 360 agribusiness investors in the study area. Data were collected primarily using structured questionnaire and interview schedule. Data were analysed using descriptive and inferential statistics. The result of the analysis showed that lack of start-up capital, lack of market information, crime, theft and social disorder, corruption and bad legal system, poor infrastructural facilities, multiple taxation, tedious registration and licensing procedure, and poor access to formal credit facilities were the main constraints to entrepreneurship and investment decisions by agribusiness entrepreneurs in South-East, Nigeria. The result further showed that starting enterprises without proper feasibility, high taxation, inadequate supply of power, inconsistency in government policy, inability to withstand competition, management inexperience, poor knowledge in the line of business, and joint ownership of enterprises were the major causes of enterprise failure in Southeast Nigeria. However, despite the varying constraints to entrepreneurship and investment decision in the area, agribusiness ventures in the area performed at levels acceptable to the entrepreneurs. Based on these findings, formulation and implementation of policies targeted at removal of the identified constraints were recommended. Such policies should include improvement on access to credit for agribusiness entrepreneurs, even when they may not possess prime assets that are currently being accepted by financial institutions as collateral, and making agribusiness investors to always carryout a thorough market research and feasibility to ensure that there is adequate demand for the products or services being offered

Keywords: Constraints, Entrepreneurship, Investment Decision, Investors, agribusiness

Rural Agribusiness-Based Household Preferences and Management Of Communication Services In Abia State, Nigeria: A Hedonic Approach (Published)

This study on agribusiness-based household preferences and management of communication services in Abia State, Nigeria was analyzed using a hedonic approach. The study tried to identify which mobile communication services impacts most on agribusiness households, and which network provider guarantees better utility to the household users. Thus, 240 agribusiness-based households were selected using multistage sampling technique. Two out of three agribusiness zones in Abia State were selected namely: Aba and Umuahia agricultural zones were selected for the study. The study made use of primary data obtained using a well-structured questionnaire. Descriptive statistics, multivariate tests and Hedonic analysis were used for the data analysis. Results revealed that males (61.67%) dominated as agribusiness-based households’ heads in the study area. Majority (26.25%) of households were in the age bracket of 61-70 years who were also engage in agricultural activities being their major activity. The hedonic model revealed that household characteristics such as sex, education, electricity connection to household buildings, ownership of house, and increased household size related positively with household ability to settle call prices charged by the preferred network provider while poor and extremely poor households related negatively with ability to settle call prices as charged on calls per day. The multivariate test showed that Mobile Telecommunication Network (MTN) Limited Communication service impacted most on the welfare of these households than Globalcom (GLO) communication services Nigeria Limited. No meaningful contribution was observed in the case of Airtel communication services. It was recommended that communication service providers in the study area should reduce their call rates to accommodate the poor and extremely poor households in order to increase household preferences and subscriptions.

Keywords: agribusiness, communication, households, preferences, services