Efficiency in Capital Resource Mobilization and Use: Use of Credit by Cereal Crop Farmers of Benue State, Nigeria

In Nigeria at large and Benue State in particular, the problem of subsidized credit in capital resource use has stalled or at best distorted the flow of credit in the agricultural sector. Opinions are divided on the use of credit made available to all categories of farmers particularly the small-scale farmers. Some people are in favour of government policy on subsidizing agricultural credit while others are against the policy. This book therefore, addressed the capital resource mobilization methods and allocation efficiency of small-scale Cereal crop farmers of Benue State, Nigeria. It explained that a high proportion of agricultural credit to the small-scale cereal crop farmers were used directly for financing agricultural activities like hired laboure, purchase of seeds, fertilizers, agro-chemicals and farm impliments/tools. It further explained that a smaller percentage not directly invested in agricultural activities were invested in projects like family health finances and payment of school fees. These projects are forms of capital accumulation in the industry.