<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Cooperative-based growth model for agricultural enterprises is gradually gaining popularity in application. This study examined the effect of cooperative financial intervention on the growth of catfish aquaculture value chain in Nigeria. Primary data collected, with well-structured questionnaire from 120 participants in aquaculture value chain, were analyzed with descriptive statistical tools, cost and return function and 4-point likert-type scale. The result shows that 32.3% and 27.3% of processors and input suppliers accessed N320,000 and N270,000, respectively. Only 18.2% of producers accessed N180,000. The result indicates that there are more catfish producers than any other operators in the value chain. There is interdependence between catfish producers and input suppliers, processors and marketers in the value chain. Furthermore, catfish processors and inputs suppliers accessed more cooperative loan because their activities were capital intensive. The relatively high amount of cooperative fund accessed by these groups translated high growth rate of 55% and 53%, respectively. The major constraints to the growth of catfish value chain were inadequate credit access and high expenditure on inputs. Operators in the catfish aquaculture value chain should be encouraged to attend workshops on management techniques to improve the efficiency of their businesses.</p></abstract>

Cooperative-based growth model for agricultural enterprises is gradually gaining popularity in application. This study examined the effect of cooperative financial intervention on the growth of catfish aquaculture value chain in Nigeria. Primary data collected, with well-structured questionnaire from 120 participants in aquaculture value chain, were analyzed with descriptive statistical tools, cost and return function and 4-point likert-type scale. The result shows that 32.3% and 27.3% of processors and input suppliers accessed N320,000 and N270,000, respectively. Only 18.2% of producers accessed N180,000. The result indicates that there are more catfish producers than any other operators in the value chain. There is interdependence between catfish producers and input suppliers, processors and marketers in the value chain. Furthermore, catfish processors and inputs suppliers accessed more cooperative loan because their activities were capital intensive. The relatively high amount of cooperative fund accessed by these groups translated high growth rate of 55% and 53%, respectively. The major constraints to the growth of catfish value chain were inadequate credit access and high expenditure on inputs. Operators in the catfish aquaculture value chain should be encouraged to attend workshops on management techniques to improve the efficiency of their businesses.

Cooperative Financing and the Growth of Catfish Aquaculture Value Chain in Nigeria

Department of Agricultural Economics and Extension

Croatian Journal of Fisheries

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Cooperative-based growth model for agricultural enterprises is gradually gaining popularity in application. This study examined the effect of cooperative...

Cooperative Financing and the Growth of Catfish Aquaculture Value Chain in Nigeria

Published Online: Dec 21, 2019

Page range: 263 - 270

Received: Apr 28, 2019

Accepted: Oct 09, 2019

DOI: https://doi.org/10.2478/cjf-2019-0020

Keywords
Farmers, Cooperative society, Aquaculture, Growth, Profitability

© 2019 Theophilus Miebi Gbigbi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Cooperative Financing and the Growth of Catfish Aquaculture Value Chain in Nigeria

Published Online: Dec 21, 2019

Page range: 263 - 270

Received: Apr 28, 2019

Accepted: Oct 09, 2019

DOI: https://doi.org/10.2478/cjf-2019-0020

KeywordsFarmers, Cooperative society, Aquaculture, Growth, Profitability

© 2019 Theophilus Miebi Gbigbi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Farmers, Cooperative society, Aquaculture, Growth, Profitability