Unlocking the future of food security through access to finance for sustainable agribusiness performance
Access to finance is vital for improving food security, particularly in developing nations where agricultural production is crucial. Despite several financial interventions targeted at increasing agricultural production, smallholder farmers continue to lack access to reasonable, timely, and sufficie...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Zaporizhzhia National University
2024-12-01
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| Series: | Менеджмент та підприємництво: тренди розвитку |
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| Online Access: | https://management-journal.org.ua/index.php/journal/article/view/549/296 |
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| _version_ | 1849705631872712704 |
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| author | Ayobami Paul Abolade Ibrahim Olanrewaju Lawal Kamoru Lanre Akanbi Ahmed Orilonise Salami |
| author_facet | Ayobami Paul Abolade Ibrahim Olanrewaju Lawal Kamoru Lanre Akanbi Ahmed Orilonise Salami |
| author_sort | Ayobami Paul Abolade |
| collection | DOAJ |
| description | Access to finance is vital for improving food security, particularly in developing nations where agricultural production is crucial. Despite several financial interventions targeted at increasing agricultural production, smallholder farmers continue to lack access to reasonable, timely, and sufficient financing, limiting their ability to invest in improved technology and inputs, lowering productivity and food supply. This study examines the relationship between access to finance and food security among smallholder farmers in Ogun State, employing institutional theory as a theoretical framework. The study takes a quantitative method, with a survey for the research design and a population of 37,200 agricultural smallholder farmers. A sample size of 380 was chosen using probability sampling and simple random techniques. The data were analysed via Partial Least Squares Structural Equation Modelling (PLS-SEM). The findings demonstrate a favourable relationship between access to finance and food security, with an R2-value of 0.615 indicating a robust link. These findings underline the need of improving financial institutions and implementing enabling policies to enable farmers have access to the financial resources they need to achieve food security outcomes. |
| format | Article |
| id | doaj-art-bcf6d18921ba48fa8e704040406b9568 |
| institution | DOAJ |
| issn | 2522-1566 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Zaporizhzhia National University |
| record_format | Article |
| series | Менеджмент та підприємництво: тренди розвитку |
| spelling | doaj-art-bcf6d18921ba48fa8e704040406b95682025-08-20T03:16:25ZengZaporizhzhia National UniversityМенеджмент та підприємництво: тренди розвитку2522-15662024-12-0143010611810.26661/2522-1566/2024-4/30-09Unlocking the future of food security through access to finance for sustainable agribusiness performanceAyobami Paul Abolade0https://orcid.org/0000-0001-9302-7189Ibrahim Olanrewaju Lawal1Kamoru Lanre Akanbi2Ahmed Orilonise Salami3Kwara State University, Malete, NigeriaKwara State University, Malete, NigeriaKwara State University, Malete, NigeriaAfrica Business School, UM6P, Rabbat, MorrocoAccess to finance is vital for improving food security, particularly in developing nations where agricultural production is crucial. Despite several financial interventions targeted at increasing agricultural production, smallholder farmers continue to lack access to reasonable, timely, and sufficient financing, limiting their ability to invest in improved technology and inputs, lowering productivity and food supply. This study examines the relationship between access to finance and food security among smallholder farmers in Ogun State, employing institutional theory as a theoretical framework. The study takes a quantitative method, with a survey for the research design and a population of 37,200 agricultural smallholder farmers. A sample size of 380 was chosen using probability sampling and simple random techniques. The data were analysed via Partial Least Squares Structural Equation Modelling (PLS-SEM). The findings demonstrate a favourable relationship between access to finance and food security, with an R2-value of 0.615 indicating a robust link. These findings underline the need of improving financial institutions and implementing enabling policies to enable farmers have access to the financial resources they need to achieve food security outcomes.https://management-journal.org.ua/index.php/journal/article/view/549/296access to financefarmeragribusinessfood security |
| spellingShingle | Ayobami Paul Abolade Ibrahim Olanrewaju Lawal Kamoru Lanre Akanbi Ahmed Orilonise Salami Unlocking the future of food security through access to finance for sustainable agribusiness performance Менеджмент та підприємництво: тренди розвитку access to finance farmer agribusiness food security |
| title | Unlocking the future of food security through access to finance for sustainable agribusiness performance |
| title_full | Unlocking the future of food security through access to finance for sustainable agribusiness performance |
| title_fullStr | Unlocking the future of food security through access to finance for sustainable agribusiness performance |
| title_full_unstemmed | Unlocking the future of food security through access to finance for sustainable agribusiness performance |
| title_short | Unlocking the future of food security through access to finance for sustainable agribusiness performance |
| title_sort | unlocking the future of food security through access to finance for sustainable agribusiness performance |
| topic | access to finance farmer agribusiness food security |
| url | https://management-journal.org.ua/index.php/journal/article/view/549/296 |
| work_keys_str_mv | AT ayobamipaulabolade unlockingthefutureoffoodsecuritythroughaccesstofinanceforsustainableagribusinessperformance AT ibrahimolanrewajulawal unlockingthefutureoffoodsecuritythroughaccesstofinanceforsustainableagribusinessperformance AT kamorulanreakanbi unlockingthefutureoffoodsecuritythroughaccesstofinanceforsustainableagribusinessperformance AT ahmedorilonisesalami unlockingthefutureoffoodsecuritythroughaccesstofinanceforsustainableagribusinessperformance |