Off-Farm Incomes Share and Farm Investment in North-Central, Nigeria: The Heckman Selection Model Approach
farm, heckman, income, income’s share, investment, off-farm, small-scale farmers
The study evaluated the probability of investing offfarm income s share of household income in farming among small-scale farmers in North-Central Nigeria Multistage sampling technique was used to select 360 respondents Primary data for the study were analysed using Heckman s two-stage selection model The lambda of the model was 1 38 while the chi-square was significant While education household size and operating profit margin significantly p 0 05 increased the probability of off-farm work participation education total crop revenue primary occupation farm asset to household asset ratio and asset turnover ratio significantly p 0 05 increased investible off-farm income s share Thus factors in the business environment other than government policies shape off-farm work and farm investment decisions Therefore policy thrust should focus on interest and tax rates reduction and ease of farm asset acquisition for small-scale farmers
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