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Australasian Journal of Human Security
Journal Prestige (SJR): 0.144

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ISSN (Print) 1176-8614
Published by RMIT Publishing

[297 journals]

Effect of Monetary and Non-monetary Factors on Rural Farmers' Income
in Wamakko Lga, Sokoto-Nigeria
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  Abstract: Background and Objective: Farming serves as the major occupation among rural populace as well as the dominant factor that determines the income level of households. The study examined the monetary and non-monetary factors that determine the rural farmer’s income in Wamakko Local Government Area of Sokoto state. Materials and Methods: The 106 small scale farmers were selected from four major communities in Wamakko using multi-stage sampling and structured interview and both descriptive (simple percentages) and inferential (Ordinary Least Squares regression-OLS) statistics were employed to measure the relationship between the explanatory variables and the dependent variable. Results: The study found that farm size, household (family) size, subsidy and stock of farm output have positive and statistically significant impact on the income level of rural farmers in Wamakko at 1 and 5%. If farm size, stock of farm output and subsidy change by 10%, rural farmers’ income will change by 2.8, 2.6 and 4.11%, respectively. Conclusion: Increasing access to larger-sized farmlands is an incentive to rural farmers and raises their income level/standard of living. Also, subsidy from government is another incentive for farmers to earn marginal income because subsidy co-moves with rural farmer’s income in Wamakko.
  PubDate: 27 October, 2021