ECONOMIC IMPACT OF VALUE CHAIN DEVELOPMENT PROGRAMME ON FOOD SECURITY OF RICE FARMERS IN NIGERIA
Olugbenga Omotayo, Alabi., Godfrey Ajayi, Sunday., Elizabeth Samuel, Ebukiba., and Jeremiah Samuel, Aluwong
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This study evaluated economic impact of value chain development programme (VCDP) on food security of rice farmers in Nigeria. Data of primary sources were used. A multi-stage sampling technique was used to select a total sample size of 292 rice farmers which comprises of 155 value chain development program beneficiaries and 137 non- beneficiaries. Data were analyzed using the following tools: descriptive statistics, food security index, Logit dichotomous regression model, F-Chow test, and t-test. About 61% and 27% of the beneficiaries and non-beneficiaries of value chain development program were food secured based on head count ratio. The 23 MCFE for beneficiaries and non-beneficiaries were 13203.954 Naira and 4759.605 Naira respectively. Gender (P< 0.10), household size (P< 0.01), farm experience (P< 0.10), access to credit (P< 0.05), and labour input (P< 0.10), were the significant factors influencing food security among the rice VCDP beneficiaries. The F-Chow test conducted reveals that the VCDP impacted positively on food security of rice farmers. The study recommends that interest rate free loans or low-interest loans should be made available to rice farmers to increase production and food security.