Impact of Formal Financial Market Participation on Farm Size and Expenditure on Variable Farm Inputs: The Case of Maize Farmers in Ghana | Zendy

Dadson AwunyoVitor | Zendy; Ramatu M. AlHassan | Zendy; Daniel Bruce Sarpong | Zendy

Open Access

Impact of Formal Financial Market Participation on Farm Size and Expenditure on Variable Farm Inputs: The Case of Maize Farmers in Ghana

Author(s) -

Dadson AwunyoVitor,

Ramatu M. AlHassan,

Daniel Bruce Sarpong

Publication year - 2014

Publication title -

isrn economics

Language(s) - English

Resource type - Journals

ISSN - 2090-8938

DOI - 10.1155/2014/329674

Subject(s) - formal education , business , schedule , variable (mathematics) , matching (statistics) , variables , agricultural economics , economics , agricultural science , mathematics , psychology , mathematical analysis , pedagogy , statistics , environmental science , management

The study examined maize farmers’ participation in the formal financial market and its impact on farm size and expenditure on variable farm inputs. A multistage sampling method was used in selecting 595 maize farmers from the seven districts in Ashanti and Brong Ahafo Regions of Ghana. A structured questionnaire and interview schedule were used to elicit information from the respondents. The impact of formal financial market participation on farm size and expenditure on variable inputs was estimated using Propensity Score Matching (PSM) method. The results of the study showed that formal financial market participation has the potential to significantly increase expenditure on variable inputs by farmers and consequently use of improved technology. Therefore, formal financial market participation should be encouraged through education and promotional activities.

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