AGRICULTURAL COOPERATIVE AND RURAL DEVELOPMENT IN ANAMBRA STATE
Abstract
This study investigated the effect of agricultural cooperative societies on rural development in Anambra state. The specific objectives include to ascertain the effect of socioeconomic characteristics of agricultural cooperative members on rural development in the study area and to compare rural development indicators (output, income and value of productive assets) of cooperative members before and after joining cooperative. Two hypotheses were formulated to buttress the objectives of the study. The study was anchored on the theory of the Cobb-Douglas production function. A descriptive survey design guided the study and questionnaires were administered as the instrument for data collection. The study revealed that there was a significant difference in the annual output, annual farm income and value of productive assets of farmers before and after joining cooperatives. All the indicators were significant at 0.05 level of significance with F-value of 6.5888.The estimates of R2 and Adj. R2 suggested that all the variables in the model collectively accounted for more than 81% of the variations in farm income. The F ratio value of 8.774 was significant at 5% level. Therefore, the following recommendations were made; rural poor should be encouraged to join cooperatives and there should be stronger collaboration between cooperatives and the Ministry of Agriculture so that they will understand each others’ viewpoints and challenges.
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