International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 5 Issue 2, January-February 2021 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD38502 | Volume – 5 | Issue – 2 | January-February 2021 Page 760
Agricultural Marketing and Performance of
Agricultural Firms in Anambra State
Chibike Onyije Nwuba
Department of Marketing, Federal Polytechnic Oko, Anambra State, Nigeria
ABSTRACT
This research studied the relationship between agricultural marketing and
performance of agricultural firms in Anambra State. Specifically, the study
addressed the relationship between transactional marketing and performance
of agricultural firms, the relationship between database marketing and
performance of agricultural firms, the relationship between interaction
marketing and performance of agricultural firms and finally the relationship
between network marketing and performance of agricultural firms. The study
adopted a survey research design in collecting data; questionnaire and
personal interviews were used in collecting primary data while documentary
sources were used for secondary data. The population of the study was made
up of 411 agricultural firms in Anambra state, whereas 30 firms were selected
as the sample size with the aid of solvin formular. The data generated for this
study were presented with frequencies and percentages, while the stated
hypotheses were statistically tested with Pearson motion correlation, which
was computed with the aid of the Statistical Packages for Social Sciences
(SPSS) Version 20. Findings from the study showed thattransactional,
database, interaction and network marketing that were used as proxies for
agricultural marketing all have a significant relationship with sales volume
which was used as proxy for performance of agricultural firms.
KEYWORDS: Agricultural marketing, Performance, Agricultural Firms
How to cite this paper: Chibike Onyije
Nwuba "Agricultural Marketing and
Performance of Agricultural Firms in
Anambra State"
Published in
International Journal
of Trend in Scientific
Research and
Development (ijtsrd),
ISSN: 2456-6470,
Volume-5 | Issue-2,
February 2021, pp.760-769, URL:
www.ijtsrd.com/papers/ijtsrd38502.pdf
Copyright © 2021 by author(s) and
International Journal of Trend in Scientific
Research and Development Journal. This
is an Open Access article distributed
under the terms of
the Creative
Commons Attribution
License (CC BY 4.0)
(http://creativecommons.org/licenses/by/4.0)
1. INTRODUCTION
The Recent global fall in oil prices and other inflationary
issues affected Nigeria’s foreign exchange negatively.
Asogwa&Okwoche(2012) asserted that this has forced the
government at federal and state levels to introduce
measures geared at revitalizing the agricultural sector which
will in turn improve the Nigerian economy which is
currently depressed. Thus, Ikponmwosa (2016) argues that
Agriculture is the most viable route with which Nigeria can
successfully meander from her current economic dilemma.
Agriculture happens to be seen as the “bailout” from
Nigeria’s current economic recession. A lot of policies have
been put in place to boost agricultural production in Nigeria
as part of the nation’s diversification strategies. Agriculture
which is the primary source of employment in Nigeria
accounts for more than 30% of the total gross domestic
product (GDP), (Ikponmwosa, 2016).The support systems
and policies provided by the current leaders both in state
and federal levels are to revitalize agriculture, by fostering
mechanized agriculture. The campaign for the revamp of the
agricultural sector of the economy and the various policies
and support systems that have been put in place to revive
the sector have not actually yielded the expected results.
Arguably, the inability to market agricultural produce
constitutes vital challenge to agricultural sector.
According to the Marketing Committee of the United Nations
Conference on Food and Agriculture (1995), marketing is the
crux of the whole food and agriculture problem. It would be
useless to increase the output of food and equally futile to
setup optimum standards of nutrition unless means could be
found to move food from producer to the consumer at a
price which is remunerative to the producer and is within
the consumers' ability to pay. Marketing of Agricultural
products has its own peculiarities. The marketing of
industrial and consumer products on the other hand are
relatively easier, since their end result can be co-ordinates
with wants and requirements, to suit the tastes in size,
colour, texture etc. The most important difference being that
of the shelf life while the Industrial and consumer products
enjoy reasonably prolonged life, the agricultural products
are characterized by varying degree of perish ability.
Unlike in the case of manufactured products, the entire
production of different agricultural commodities does not
come to the market for sale. The produce marketed depends
on the marketable surplus, immediate need for cash, price
trend, and storage capacity; perish ability, transportation
facilities, size of the form etc. The marketable surplus is the
total production, which depends on the area of production,
inputs, price realizable, and demand conditions, market
access etc. the market surplus on the other hand is the extent
of produce that the farmers sell finally in the market after
meeting their requirements of self-consumption, seeds,
payment in kind, payment to local artisans etc.The peculiar
nature of agricultural products results in the need for
intermediaries who render services of assembling, sorting,
grading, packaging, transportation and selling. As a farmer
does not have the expertise or the time to involve him in the
various activities involved in the selling of his produce, the
involvement of other agencies such as Agricultural Firms
becomes necessary.
IJTSRD38502