Risk Mitigation and Agricultural Investment of Agricultural Cooperative Societies in Ekiti State, Nigeria

Abstract

The study examined effect of risk mitigation and agricultural investment in Ekiti State, Nigeria during the period 2006 - 2022. The specific objective of the study is to examine the relationship between preventive strategy and agricultural investment, and coping strategy on agricultural investment in Ekiti State, Nigeria. This study adopted descriptive research design using the questionnaire as its major instrument in amassing data in the study. The population consisted of fifteen thousand six hundred and seventy-three registered Agricultural Cooperative Societies in Ekiti State. The total sample size used in the study was 190 respondents gotten from Taro Model. One hundred and ninety questionnaires were administered to all the selected farmers for the study. The stratified sampling technique was used in selecting one hundred and ninety farmers of poultry farmers in Ekiti State, Nigeria. The inferential statistics used was correlation and simple regression analysis. The result showed that preventive strategy and agricultural investment (r[100]=0.000, p>0.05) and preventive strategy are (t = 35.850, p= 0.000). The study concluded that there is significant relationship between preventive strategy and agricultural investment in Nigeria while coping strategy exerts positive significant effect on agricultural risk in Nigeria.