Adherence to Cooperative Principles among Agricultural Cooperatives in Oyo State
Keywords:
Cooperatives principles, Loan recovery, Agricultural cooperatives, group adherence.Abstract
Cooperative principles are designed to ensure efficient operation of cooperative societies. This study therefore assessed agricultural cooperatives’ level of adherence to cooperative guiding principles in Oyo State, Nigeria.Multi stage sampling procedure was used to select 126 respondents for the study. Data on group characteristics, level of awareness, adherence and constraints to adherence to cooperative principles were collected using structured questionnaires and analysed using Chi square at 5% level of significance.The mean year of existence of the cooperatives was 10years while the mean membership size was 44. In addition, many of the cooperatives (44.4%) were fairly strong financially. More than half (53.2%) of the respondents had high level of awareness of the cooperative principles while 57.1% had high level of adherence to the principles. Meanwhile, inadequate financing and loan recovery difficulty (1.4 each) were the main constraints to adherence to the principles. There was a significant relationship between respondents’ level of awareness and adherence to the cooperative principles (= 0.013, p ≤ 0.05).Agricultural cooperatives in the area largely adhered to the cooperatives principles. However, capacity building on innovative financial sourcing and loan recovery mechanisms should be embarked upon by their management teams to enhance the adherence.References
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Adebayo, O. O., Adeola, R. G. (2008). Sources and Uses of Agricultural Credit by Small Scale Farmers in Surulere Local Government Area of Oyo State. Anthropologist, 10(4): 313- 314.
AgriProFocus. (2011). A Guide for Small Holder Farmers on Saving, Accessing Credit and Effectively Managing Money for Improved Livelihoods: What You Need to Know to Effectively Manage Money Matters, S. Musiime & B. Atuha (Eds).1-26. SMJR Consult, Agri-Profocus: Uganda.
Akinwumi, J. (2006). Road Map to Re-engineering Cooperatives in Nigeria; A Paper Presented at the South-West Cooperative Leaders Conference, Organized by Cooperative Federation of Nigeria South West Zone at Obisesan Hall, Ibadan, September 7th.2006.
Azanza, M. V. P. and Zamora-Luna, M. B. V. (2005).Barriers of HACCP Team Members to Guidelines Adherence. Food Contro, 16(1), 15-22.
Badiru, I. O. (2010): Review of Small Farmer Access to Agricultural Credit in Nigeria. NSSP Brief No. 25. Washington D.C.: International Food Policy Research Institute.
Enhancing Financial Innovation and Access (EFInA). (2012). Understanding Cooperatives in Nigeria. Qualitative Report. 1-73.
Food and Agriculture Organisation (FAO). (2012). Agricultural Cooperatives and Gender Equality. International Year of Cooperatives, Issue Brief Series.1-6. www.fao.org/gender/landrights.en
Food and Agriculture Organisation (FAO). (2010). Promoting Employment and Entrepreneurship for Vulnerable Youths in West Bank and the Gaza Strip, F. Dalla Valle. Rome. www.fao.org/docrep/012/i1450e/i1450e00.pdf
Ibitoye, S. J. (2012). Survey on the Performance of Agricultural Cooperative Societies in Kogi State, Nigeria. European Science Journal, 8(28), 98-114.
International Cooperative Alliance (ICA). (1995). Report on the Centennial Congress of the ICA, Geneva, Switzerland, October.
Kareem, R. O., Arigbabu, Y. D., Akintaro, J. A. and Badmus, M. A. (2012). The Impact of Cooperative Society on Capital Formation: A Case Study Temidere Cooperative and Thrift Society, Ijebu-Ode, Ogun State, Nigeria. Global Journal of Science Frontier Research 12(11), 17-29.
Mgbakor, M. N., Uzendu, P. O. and Ndubisi, D. O. (2014). Sources of Agricultural Credit to Small-Scale Farmers in Ezeagu Local Government Area of Enugu State, Nigeria. IOSR Journal of Agriculture and Veterinary Science (IOSR-JAVS), 7(8), 1-8.
Nwankwo, F., Ewuim, N. and Asoya, N. P. (2012). Role of Cooperative in Small and Medium Scale Enterprise (SMEs) Development in Nigeria: Challenges and the Way Forward. African Research Review Journal, 6(4), 140-156.
Odoemenem, I.U., Obinne, C.P.O. (2010). Assessing the Factors Influencing the Utilization of Improved Cereal Crop Production Technologies by Small Scale Farmers in Nigeria. http://www.indjst.org/archive/vol.3.issue.2/innocent- 17.pdf
Oruonye, E. D. and Musa, Y. N. (2012). Challenges of Small Scale Farmers Access to Micro Credit (Bada Kaka) in Gassol LGA, Taraba State, Nigeria. Journal of Agricultural Economics and Development, 1(3), 62-68.
Sifa, C. B. (2014). Role of Cooperatives in Agricultural Development and Food Security in Africa.http://www.un.org/esa/socdev/documents/2014/coopsegm/Sifa-- Coops%20and%20agric%20dev.pdf
Toluwase, S. O. and Apata, O. M. (2011). Impact of Farmers’ Cooperative Agricultural Productivity in Ekiti State, Nigeria. Greener Journal of Agricultural Science, 3(1), 63-67.
Wikipedia. (2014). The Free Encyclopedia. Oyo State. Retrieved December 19, 2014 on from http://en.m.wikipedia.org/wiki/oyostate
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Published
2016-06-28
How to Cite
Badiru, I. O., Yusuf, K. F., & Anozie, O. (2016). Adherence to Cooperative Principles among Agricultural Cooperatives in Oyo State. Journal of Agricultural Extension, 20(1). Retrieved from https://aesonnigeria.org/ajm/index.php/jae/article/view/781
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General Extension and Teaching Methods
