ASSESSMENT OF THE OPERATIONAL PERFORMANCE OF FARMERS' COOPERATIVE SOCIETIES IN SOUTH EAST NIGERIA
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Abstract
To uncover the constraints and entry points for improving the operational performance of farmers' cooperative societies in southeast Nigeria forms the motivation for this study. Farmers' cooperatives have enormous potential to support economic growth at the rural and regional levels, building on the spirit of teamwork that is already common among the rural people. A decent number of qualities differentiate cooperative associations from other different entities. These comprise open and voluntary enrollment. Cooperative social orders are available to all citizenry with common interests. This study analyzed responses from two hundred and forty respondents selected through a multi-stage sampling procedure. Frequency, mean, Likert scale and ordered logit regression model were used for the analysis. The perception of members of farmers' cooperative societies on their operational performance showed that the cooperatives in the area performed well in terms of members' access to training, participation during decision-making, voting during elections, and leaders' emergence through the democratic process. The ordered logit regression result of the socioeconomic factors to the operational performance of the farmers' cooperatives showed that membership strength, Age of the cooperatives, access to free input, access to training, and access to infrastructural facilities were statistically significant and positively related to farmers' cooperatives level of operational performance. Thus, the study recommends that Cooperative societies supply their members' goods and services for improved income and savings investment, improved productivity, and bargaining power through maximum utilization of economies of scale and cost and risk sharing.
JEL Classification Codes: O13.
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