Impact of Formal Financial Market Participation on Farm Size and Expenditure on Variable Farm Inputs: The Case of Maize Farmers in Ghana
Table 2
Logit model to predict the probability of participating in formal financial market conditional on selected observables characteristics. Dependent variable: participation or access to formal financial services ().
Covariates
Odds Ratio
Marginal Effect
GEN gender of respondents
1.3387
0.0709
YEDU years of schooling
1.0742***
0.0172
VALPUT previous year’s maize income
1.0285**
0.0183
TASET total asset
1.0003**
0.0007
OATIV engaged in off-farm income generating activities
1.5863**
0.1125
ACOM level of maize commercialisation
2.0473***
0.1757
PROXI proximity to financial institution
−2.2250***
−0.1799
OPMO operational modalities
7.1746***
0.3791
FSIZE farm size
2.0214**
0.1256
Number of obs = 577 LR (14) = 168.41 Prob = 0.0000 Pseudo = 0.2114