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and reducing financial risk. None of the farmers used
it. This is because of their cultural/religious belief that
was against charging interest on loans, which
therefore reduces loans availability, as there was no
incentive to give them (loans).
Conclusion And Recommendations
Despite the ranking of capital risk as the most
important in both zones, farmers did not apply any
strategy to reduce the risk. because of their cultural/
religious belief that was against charging interest on
loans, which therefore reduces loans availability.
Diversification of income sources, diversification of
farm enterprises and native safeguards were the most
common strategies used by farmers to stabilize farm
household income and theft risk respectively, in the
study area.
None of the plantain farmers used any of the formal
insurance to assist them in situation of ‘bad’ uncertain
occurrence because of their unavailability. It was
suggested that agricultural policy makers should make
policies that will make government and private
insurance companies developing insurance product for
farmers to patronize and use as shock absorbers
against uncertain events.
There was no government commodity programmes to
assist farmers stabilize plantain prices or organized
marketing of plantain. Farmers are encouraged to form
formidable cooperatives to help manage marketing
related problems. Research effort should be directed at
obtaining improved suckers and effective and efficient
storage and processing technology to reduce/eliminate
the high perishable nature of plantain that is responsible
for the risk.
Since the study had identified inadequate finance for
the acquisition of farm resources inputs as the major
constraints militating against plantain production in
the study area, it is recommended that Federal
Government should expedite action on restructuring
Agricultural Credit Guarantee Loan Scheme so that
small-scale farmers will have access to credit from
commercial banks.
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