Nigerian Journal of Banking and Financial Issues (NJBFI)

Impact Of Marketing Cooperative Societies On Agricultural Produce In Ekiti State, Nigeria

Abstract

The study investigates the impact of marketing cooperative societies on agricultural produce in Ekiti state, Nigeria. It specifically assesses the influence of marketing cooperative on the production level of agricultural produce and farmers’ income, profitability and wellbeing in Ekiti state. 150 questionnaires were distributed and analyzed from the total population based on the responses from the respondents. The findings revealed that 20% of the respondents disagreed that marketing cooperative improve agricultural production level, 22% are neutral, 20% agreed, while 35% of the respondents strongly agreed that marketing cooperative contributed to an increase in level of agricultural production. Also, 14.7% respondents believed that marketing cooperative contributed minor income, 21.3% were neutral, 21.3% also agreed, but 42.7% strongly agreed that marketing cooperative increased farmer’s income greatly. Therefore, the study concluded that marketing cooperative impacted agricultural production and farmer’s income positively. It therefore recommended that more of marketing cooperative societies should be encouraged for non-members since it improved agricultural production and increased the income of the farmers.