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Standard Scientific Research and Essays Vol. 3(11), pp. 344-448 November 2015 (ISSN: 2310-7502)
Copyright © 2015 Standard Research Journals

 

 

Research article

 

Analysis of Sources of Agricultural Risk and Management Strategies among Crop Farmers in Imo State, Nigeria

 

*Godson-Ibeji CC, Ukpongson MA, Ogueri EI and Chikaire JU

 

Department of Agricultural Extension, Federal University of Technology, Owerri, Imo State, Nigeria

*Corresponding Author Email: akjamin2010@gmail.com

Accepted 23 November 2015

Abstract

The study was aimed at identifying sources of agricultural risks faced by crop farmers in their changing environment and the coping strategies employed. Multi stage sampling technique was used to select 180 farmers affected by risks and uncertainty. Questionnaire was used to collect data and descriptive tools such as percentage and mean were used to analyze the data. The study revealed that farmers faced myriads of risks in food production business. These risks were grouped into weather, environment and social related risks. The weather risk faced included heavy rainfall with a high mean of 3.36, flooding (M = 3.20), drought (M = 2.77), extreme temperature (M=3.05), pests/diseases outbreak (M=3.16). The social risks included fire outbreak (M = 3.02), illness (M = 3.28), land dispute (M = 3.01), death (M = 3.02) among others. The economic risks were market failure, price fluctuation and lack of capital among others. To cope, the farmers employed the following strategies – intercropping, cooperative farming, borrowing of money, off-farm investment, education/training, saving more money, storage of crops, insurance of crops and many more. They are faced with the problems of lack of sufficient fund, high cost of land and labour, poor marketing facilities among others. Government should subsidize inputs and make farming attractive to young ones.

Keywords: Agriculture, Risks, Farmers, Flooding, Weather, Management
 

 

 


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