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EFFECT OF RISK AND MANAGEMENT STRATEGIES ON LEAFY VEGETABLE PRODUCTION IN KWARA STATE, NIGERIA
ABSTRACT— The study analysed the effect of risk and management strategies on vegetable production in Asa Local Government Area, Kwara State, Nigeria. Data were collected from 120 vegetable farmers, and covering 3 communities within Asa Local Government Area in the State using a well-structured questionnaire. Descriptive statistics, Gross margin, Discriminant analysis and Regression analysis were used in the study. The study revealed that the mean age of the vegetable respondent was 46 years, with the male vegetable farmers (77.5%) outnumbering the female (22.5%) vegetable farmers in the State. Majority of the respondents had primary education with the average farming experience of 14 years. An average area of 0.30 ha was cultivated by the vegetable farmers. The sources of risks identified among the respondents were natural risks, social risks, economic risks, production risks and marketing risks. The study further revealed that vegetable production is profitable in the study area. The strategies employed at combating the risks and management skills in vegetable production by the farmers were diversification of the system, non farm business, crop planning and time security, adoption of new technology. It is recommended that introduction of a more comprehensive agricultural insurance scheme and introduction of improved technology can ameliorate the effect of risks on vegetable farmers. Also, public intervention can facilitate better risk management through improved information system.
KEYWORDS: Discriminant, Risks, Risk Management, Vegetable Production