THE PRECEIVED EFFECT OF AGRICULTURAL COOPERATIVE ON PRODUCTIVITY AMONG FARMERS IN AKURE NORTH LOCAL GOVERNMENT AREA OF ONDO STATE
Abstract
Agriculture is a major contribution to Nigerian economy and it is a major source
of livelihood in Nigeria (Afolayan, 2017). Frederick et al., (2021) maintained that over
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80% of farmers in Nigeria are small scale farmers and these small scale farmers mostly
are rural dwellers with low incomes because they produce on subsistence basis with little
surplus to sell and raise money to satisfy those things they cannot produce by themselves.
This therefore ensure there is a continuous advocacy for achieving economic
sustainability through agriculture within the rural communities by policy makers and
scholars who at different times have ensured that efforts have been directed at finding
appropriate structure for organizing millions of small scale farmers towards achieving
food security and increase rural dwellers standard of living. Agricultural cooperative
society has been touted as the appropriate vehicle for harnessing and polling the
resources of millions of small holder farmer producers together to enjoy the benefit of
large scale production (Onuoha and Amadim, 2021)
The International Cooperative Alliance Mohammed and Lee (2020) define a
cooperative as an autonomous association of persons united voluntarily to meet their
common economic, social, and cultural needs and aspirations through a jointly-owned
and democratically-controlled enterprise. Cooperative societies are voluntary associations
or groups of people coming from the same socio-economic background who pull their
resources together to solve their common problems through self-help and mutual trust
(Abdulrazaq, 2021). Cooperative societies in Nigeria have a long history, dating back to
the early 20th century. They have been instrumental in mobilizing savings, providing
access to credit, and promoting entrepreneurship and self-reliance among their members.
Cooperative societies contribute N1.2 trillion yearly to Nigeria’s Gross Domestic Product
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(GDP) and create 600,000 new direct jobs for Nigerians nationwide (Cooperative Rating
and Award Society of Nigeria (CRASON), 2021).
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