DETERMINANTS OF RURAL FARMERS PREFERENCE FOR CASH-LESS TRANSACTIONS IN IMO STATE

Review of Agricultural and Applied Economics, RAAE, VOL.20, No. 1/2017

ARTICLE TYPE: REGULAR ARTICLE
PUBLISHED: 16.02.2017
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KEYWORDS:
Cash-Less, Farmers, Preference, Logit
DOI NUMBER:
10.15414/raae.2017.20.01.16-19
ABSTRACT:
The preference for cash-less transaction by Nigerians cannot be exaggerated, but despite its patronage, there exist limited access and utilization of the cash-less technologies among farmers in South-East Nigeria. The study analysed the determinants of rural farmers’ preference for cash-less transactions in Imo state, South-East Nigeria. Multi-stage sampling technique was employed in selection of 100 farmers for the study. The determinant of rural farmers’ preference for cash-less transactions in Imo State, was achieved using logit model. The result of the analysis showed that age (5%), gender (10%) education levels of the farmers (1%), user friendliness of technologies (5%), transaction charge (5%) and security of transactions (5%) were found to be the major determinants of farmers preference for cash-less transactions based on their levels of significance. Centred on the findings, the study recommended the strengthening of the use of cash-less transaction by farmers by providing a favourable financial environment through better orientation programs, so as to enable a smooth transition from a cash-based economy to cash-less economy.
JEL CODES:
C50, F00, Q14
PAGES:
16 - 19
Please Cite this Article published as:

Igwe Ikenna UKOHA, Ada HENRI-UKOHA, Okwudili IBEAGWA, Ubong A. ESSIEN, Maryann N. OSUJI (2017) Determinants Of Rural Farmers Preference For Cash-less Transactions In Imo State. Review of Agricultural and Applied Economics. XX (Number 1, 2017): 16-19. doi: 10.15414/raae.2017.20.01.16-19
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Review of Agricultural and Applied Economics | ISSN 1336-9261
Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia.
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