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Zeszyt 3 (49) 2018 , DOI: 10.17306/J.JARD.2018.00422

Adebola Saidat Daud 1, Taiwo T. Awoyemi 2, Abeeb Babatunde Omotoso 1, Abiodun Olusola Omotayo 3

CAPITAL AND INCOME DIVERSIFICATION AMONG CROP FARMERS IN RURAL OYO STATE, NIGERIA

Abstract:

This study focused on analyzing the effects of human
capital on income diversification among crop farmers in
rural Oyo State, Nigeria. The result presented was based on
primary data collected from a random sample of 120 households
selected from two agricultural zones of Oyo State,
Nigeria. Descriptive statistics, Poisson regression and Tobit
regression were employed as analytical techniques. Both
the Poisson and Tobit regression methods were respectively
used to examine the determinants of income diversification.
The Poisson regression result showed that educational background,
value of productive assets and access to credit were
statistically significant and had a positive influence on the
number of income sources (NIS). In turn, the Tobit regression
results revealed that years of education, years of vocational
training etc. were positively significant to income diversification.
The recommendations arising from this study were that
government should intensify their efforts at enhancing human
capital development through formal education, vocational
training and extension programs for the farmers so as to make
them aware of the benefits of income diversification in improving
their welfare. In addition, there is need to improve
the participation of poor households in formal credit with low
interest rates as credit enables the households to convert their
stock into physical capital within a short time to take advantage
of income opportunities outside agriculture.

Keywords: human capital, crop farmers, income diversification, households, rural Nigeria

PDF in in english Full text available in english in Adobe Acrobat format:
www.jard.edu.pl/vol49/issue3/art_27.pdf
http://dx.doi.org/10.17306/J.JARD.2018.00422
For citation:

MLA , Adebola Saidat Daud, et al. "CAPITAL AND INCOME DIVERSIFICATION AMONG CROP FARMERS IN RURAL OYO STATE, NIGERIA." J. Agribus. Rural Dev. 49.3 (2018): 251-260.
APA Adebola Saidat Daud 1, Taiwo T. Awoyemi 2, Abeeb Babatunde Omotoso 1, Abiodun Olusola Omotayo 3 (2018). CAPITAL AND INCOME DIVERSIFICATION AMONG CROP FARMERS IN RURAL OYO STATE, NIGERIA. J. Agribus. Rural Dev. 49 (3), 251-260
ISO 690 , Adebola Saidat Daud, et al. CAPITAL AND INCOME DIVERSIFICATION AMONG CROP FARMERS IN RURAL OYO STATE, NIGERIA. J. Agribus. Rural Dev., 2018, 49.3: 251-260.
Corresponding address:
PhD Abiodun Olusola Omotayo, Food Security and Safety Niche Area, Faculty of Natural and Agricultural Sciences, North West University, Private Mail Bag X2046, Mmabatho 2790, North West Province, South Africa,
Authors email:
omotayoabiodun777@ gmail.com

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