Financial Constraints to Small-scale Cashew Farming in Nigeria
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Low price of Nigeria-made cashew produce in the international market is a major challenge to smallholder farmers. Other obstacles are lack of market information, high transportation costs, inadequate storage facilities, poorly-developed processing facilities, and an ineffective market structure, which does not encourage investment in the agriculture sector. But findings from this study show that adding value to cashew farming can reverse the ugly trend and improve earnings for both farmers and the nation.This book examines the institutional and structural gaps that constrain growth of cashew f...
Low price of Nigeria-made cashew produce in the international market is a major challenge to smallholder farmers. Other obstacles are lack of market information, high transportation costs, inadequate storage facilities, poorly-developed processing facilities, and an ineffective market structure, which does not encourage investment in the agriculture sector. But findings from this study show that adding value to cashew farming can reverse the ugly trend and improve earnings for both farmers and the nation.This book examines the institutional and structural gaps that constrain growth of cashew farming - and the agriculture sector - in Nigeria. Using different research models, the author explored the link between product quality and price, with focus on the performance of cashew-nut production, processing and marketing in Nigeria. The book analysed the role of finance in adding value to small-scale cashew farming; it also beams light on top cashew-nut producing-countries like Tanzania, Vietnam, Brazil and India to highlight the huge GDP contributions and prospects for global economies.
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