Research Article

INTENTION OF FARMERS TO USE TAKAFUL FOR AGRICULTURAL RISK MANAGEMENT IN NORTH – WESTERN NIGERIA

Mohammed Aminu Bello1*, Aminu Kado Kurfi2, Garba Bala Bello2, Muhammad A. Yadudu2
1 Department of Business Administration, Bayero University Kano
2 Department of Business Administration and Entrepreneurship, Bayero University Kano, Nigeria.
* Corresponding author: mabello.bus@buk.edu.ng
Published: Jun, 2023
DOI: 10.67894/bjms.2023.q374je5d
Pages: 195-214

Abstract

The research examines the factors influencing the behavioural intention of farmers to use Takaful for Agricultural risk management in North-Western Nigeria. Studies on factors affecting the behavioural intentions of respondents using the TPB have been conducted in various contexts. Nevertheless, investigating the behavioural intentions of farmers on the use of takaful for agricultural risk management has not been conducted. Consequently, data are collected from 560 farmers through a multi-stage cluster sampling technique. Multiple linear regression analysis is conducted using the SPSS software. Findings of the study confirm that the theory of planned behaviour (TPB) is statistically feasible in the prediction of farmers’ behavioural intention to use takaful for agricultural risk management in north-western Nigeria based on the sample of respondents utilised for the research. Furthermore, the study reveals that attitude had the highest influence on farmer’s intention, which is followed by perceived behavioural control. Although, subjective norms had the least influence, it is also statistically significant in influencing the farmer’s intention. The research recommends among other things that, policy makers and takaful practitioners may take advantages from the findings to develop their marketing strategies and agriculture product creations and stakeholders from the context of Nigeria can use the findings to embrace the use of agriculture takaful as a means of intervention to assist farmers in agricultural risk management in order to boost agricultural productions. 

Keywords

Takaful Risks Agriculture TPB.

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How to Cite

Bello, M. A., Kurfi, A. K., Bello, G. B., & Yadudu, M. A. (2023). INTENTION OF FARMERS TO USE TAKAFUL FOR AGRICULTURAL RISK MANAGEMENT IN NORTH – WESTERN NIGERIA. Bayero Journal of Management Sciences, 5(1), 195-214. https://doi.org/10.67894/bjms.2023.q374je5d

M. A. Bello, A. K. Kurfi, G. B. Bello, and M. A. Yadudu, "INTENTION OF FARMERS TO USE TAKAFUL FOR AGRICULTURAL RISK MANAGEMENT IN NORTH – WESTERN NIGERIA," Bayero Journal of Management Sciences, vol. 5, no. 1, pp. 195-214, June 2023. doi: 10.67894/bjms.2023.q374je5d

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