Influence of Credit Utilization on Crop Production among Cooperative Farmers in Osun-State, Nigeria

The study explored the impact of credit utilization on production of food crops among cooperative farmers in two local government areas of Osun-State, Nigeria. A multi-stage sampling technique was used to select one hundred and twenty respondents through a well-structured questionnaire. The data analysis was conducted using both descriptive and inferential statistics. The results revealed a predominance of male participants engaged in farming activities. Factors such as farm income, hired labour costs, and years of cooperative membership exhibited a direct positive correlation with farmers’ production levels. Budgetary analysis underscored the profitability and viability of food crops production as a business venture. Consequently, it is recommended that the government should enhance financial and material support provided to cooperatives, enabling them to extend similar benefits to their members. Cooperative banking systems should be established by government to facilitate access to loans at minimal or zero interest rates and also subsidize farm inputs for farmers.