Analysis of Credit Access and Utilization Among Poultry Farmers in Nigeria

Abstract This study assessed credit access and utilization among poultry farmers and its determinant. Primary data were analyzed from 78 farmers using multistage sampling technique using descriptive statistics, logit and multiple regression models. Findings from the study showed that majority of the respondents were in their active age and 75.6 percent of the poultry farmers were males. Majority (83.3 percent) of the respondents were married and educated. Majority was also in their active age (37.2 percent). The factors determining farmers’ decision to use credit which were significant at 5 percent include; number of years spent in school, farm income, labour cost, cost of feeds and sources of capital while only interest rate was significant at 1 percent. Factors that influenced the credit utilization by the farmers in the study area at 5 percent significance level include; farm income, cost of feeds, and number of birds. It is recommended that subsidization of cost of feeds, usage of family labour, and provision of loan at no or low interest rate should be employed in the study area.