KEYWORDS:Cash-Less, Farmers, Preference, Logit
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.
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