AGRO-PARTNERSHIPS’ CAPITALIZATION AND AGRIBUSINESS DEVELOPMENT IN BENUE STATE, NIGERIA

Abstract

This study examined the effect of agro-partnerships’ capitalization on agribusiness development in Benue State, Nigeria. Descriptive survey research design was adopted in conducting the study. The population of the study comprise stakeholders in the agricultural value chain. These include commercial farmers, academic accountants and agriculturists, civil servants working in relevant government ministries, departments and agencies; agro-processors and manufacturing firms. A sample size of 305 representative population elements was purposively and conveniently selected from the population. Structured questionnaire were used to collect the primary data that were analysed in the study. The reliability of the instrument was tested using Cronbach’s alpha tool. Both descriptive and inferential statistics were used in analysis of the collected data, with linear regression statistic serving as inferential statistic. Findings from the study revealed a significant effect of superior assets base of agro-partnerships on agro inputs production and supply, processing and value addition. The study therefore concludes that partnerships’ capitalization has significant effect on agribusiness development in Benue State, Nigeria. It recommends the formation of agro-partnerships by smallholder agripreneurs, as well as inter-governmental and religious bodies, as a deliberate steps towards raising substantial capital for agribusiness operations.