Adoption of rural bank credit programs among smallholder farmers in Ghana: an average treatment effect estimation of rates of exposure and adoption and their determinants

IF 1.5 Q3 AGRICULTURAL ECONOMICS & POLICY

Agricultural Finance Review Pub Date : 2021-06-08 DOI:10.1108/AFR-02-2021-0016

Arnold Missiame, P. Irungu, R. Nyikal, Grace Darko Appiah-Kubi

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Abstract

PurposeThe study aims to estimate the rates of exposure to, and adoption of, rural bank credit programs by smallholder farmers in rural Ghana and the factors responsible for those rates.Design/methodology/approachThe study used a random sample of 300 smallholder farmers in the Fanteakwa District of Ghana, obtained through the multistage sampling technique. The study also employed the average treatment effects approach to estimate the average treatment effect of farmers’ exposure to rural bank credit programs, on their adoption of such programs.FindingsThe actual adoption rate is approximately 41%, and the potential, conditional on the whole population being aware of rural bank credit programs, is approximately 61%. Accordingly, there is a gap of about 20% in the adoption of rural bank credit programs, and is due to the incomplete exposure of smallholder farmers to the rural bank credit programs. Age of the household head, access to extension services, membership in farmer-based organizations and active savings accounts with a rural bank are the major contributors to smallholder farmer exposure to and the adoption of rural bank credit programs.Originality/valueThe current study is the first of its kind to be conducted in Ghana on rural bank credit programs. It takes into account the extent to which smallholder farmers are exposed to such credit programs and how it influences their decisions to access or adopt.

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加纳小农对农村银行信贷项目的采用:对曝光率和采用率及其决定因素的平均治疗效果估计

目的:本研究旨在估计加纳农村小农对农村银行信贷项目的接触率和采用率，以及影响这些比率的因素。设计/方法/方法本研究采用多阶段抽样技术对加纳Fanteakwa地区的300名小农进行随机抽样。本研究还采用平均治疗效果方法来估计农民接受农村银行信贷计划的平均治疗效果。实际采用率约为41%，而在全体人口了解农村银行信贷项目的情况下，潜在采用率约为61%。因此，在农村银行信贷计划的采用上存在约20%的差距，这是由于小农对农村银行信贷计划的不完全暴露。户主的年龄、获得推广服务的机会、农民组织的成员资格以及在农村银行的活跃储蓄账户是小农接触和采用农村银行信贷计划的主要因素。目前的研究是在加纳对农村银行信贷项目进行的首次此类研究。它考虑到小农在多大程度上接触到这种信贷方案，以及它如何影响他们获得或采用这种方案的决定。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Agricultural Finance Review AGRICULTURAL ECONOMICS & POLICY-

CiteScore

3.70

自引率

18.80%

发文量

期刊介绍： Agricultural Finance Review provides a rigorous forum for the publication of theory and empirical work related solely to issues in agricultural and agribusiness finance. Contributions come from academic and industry experts across the world and address a wide range of topics including: Agricultural finance, Agricultural policy related to agricultural finance and risk issues, Agricultural lending and credit issues, Farm credit, Businesses and financial risks affecting agriculture and agribusiness, Agricultural policies affecting farm or agribusiness risks and profitability, Risk management strategies including the use of futures and options, Rural credit in developing economies, Microfinance and microcredit applied to agriculture and rural development, Financial efficiency, Agriculture insurance and reinsurance. Agricultural Finance Review is committed to research addressing (1) factors affecting or influencing the financing of agriculture and agribusiness in both developed and developing nations; (2) the broadest aspect of risk assessment and risk management strategies affecting agriculture; and (3) government policies affecting farm profitability, liquidity, and access to credit.