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ARPN Journal of Science and Technology >> Volume 7, Issue 2, November 2017

ARPN Journal of Science and Technology

Analysis of Saving Pattern of Co-Operative Farmers in Sardauna Local Government Area of Taraba State, Nigeria

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Author Vosanka I. P, Alam, M. K, Simon, B.P, Rikwentishe, R
ISSN 2225-7217
On Pages 10-16
Volume No. 5
Issue No. 1
Issue Date February 01, 2015
Publishing Date February 01, 2015
Keywords Analysis, savings pattern, Cooperative farmers, Sardauna Local Government Area, Taraba State


The study analyzed the savings pattern of cooperative farmers in Sardauna Local Government Area of Taraba State, Nigeria. Primary data were sourced through structured questionnaire administered to 110 respondents drawn using simple random Sampling technique. Data analysis was done using descriptive statistics and multiple regression analysis of Ordinary Least Square (OLS). The study found that 56% of the respondents were mostly men below the age of 40 years, majority (55%) had household size between 1-10 people, and farming was the predominant occupation (80.9%) of the respondents. Their land holdings were mainly small scale in nature between 0.5-4 hectares. Also, majority (93.6%) had an annual income ranging from N50, 000 to N150, 000, 60% of the respondents were literate with varying level of education ranging from primary to tertiary level. The multiple regression result on savings revealed that the coefficient of determination (R2) for saving was 0.6465 (i.e. 65%). This means the variation in saving were accounted by 65% of the independent variables used for the analysis. The multiple regressions results on the socio-economic characteristics of the respondents influencing their savings shows that, household size (X1), educational level (X2), cooperative experience (X6) and credit facilities (X7) positively influenced the respondents saving pattern in the study area at 5 percent level of significance. The study also identified inadequate finance, high number of dependants, low income of farmers were some of the constraints on saving in the area. Recommendations were made that government should establish more community banks in rural areas as well as promote economic activities through disbursement of credit in the area in order to boost savings by the Cooperative farmers.

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