Does agricultural cooperative membership impact poverty level of cocoa farmers in southwestern Nigeria?

The study examined the impact of agricultural cooperatives on poverty depth of cocoa farmers’ poverty levels in Southwestern Nigeria. A multistage sampling technique was used in selecting 362 cocoa farmers in the study area. The results of a two-step control function quasi-maximum likelihood revealed that age, household size, farm size, and farming experience positively influenced the poverty depth while cooperative membership negatively influenced the depth of poverty among cocoa farmers. This study concludes that cooperative organizations have the potential to reduce poverty effectively, provided their values and principles are respected. Hence, an advocate for continued policy incentives targeted at encouraging farmers to form as well as participate in agricultural cooperatives.