Farmers' awareness and perception of agricultural insurance in Oyo State, Nigeria.

Autor: Lawal, B. O., Ajayi, A. O.
Předmět:
Zdroj: Spanish Journal of Rural Development; Jan2014, Vol. 5 Issue 1, p47-57, 11p
Abstrakt: The broad objective of the study is to investigate farmers' awareness and perception of agricultural insurance in Oyo State, Nigeria. A structured interview schedule was used to obtain information from 160 crop and livestock farmers selected from four Local Government Areas of Oyo State, using a two stage sampling method. The results show that farmers had low awareness of the agricultural insurance scheme, hence, only few of the respondents insured their farms. Farmers also had unfavorable perception of agricultural insurance. Major obstacles associated with the insurance scheme include low level of education of farmers, lack of adequate awareness and communication gap between appropriate stakeholders. Farm size and years of schooling had positive and significant relationship with farmers' perception of agricultural insurance. Also, positive and significant association was found between farmers' awareness and perception of agricultural insurance. The study recommended more awareness of agricultural insurance among farmers, changing of farmers' mind sets regarding agricultural insurance, and adoption of diversification strategy by agricultural insurance agencies. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index