ESTIMATING GROWTH, INSTABILITY INDICES AND LEVELS OF ASSOCIATIONS IN NUMBER AND VALUE OF LOANS .GUARANTEED UNDER AGRICULTURAL CREDIT GUARANTEED SCHEME FUND IN LIVESTOCK AND CROP SECTORS

Abstract

This study made independent analysis of the rate of growth and instability
that exist in the number and value of loans guaranteed to crop and livestock
sub-sector under Agricultural Credit Guaranteed Scheme Fund for the period
of 1978 to 1999. in addition, the level of association that exist between the
total number and value of the loans guaranteed is also assessed. By means
of negative growth exponential function, the study revealed fairly low to
moderate compound growth rates for all the purposes in both crop and
livestock industries, though with different and peculiar indices. Negative
rates of growth were revealed for mixed farming in crop sub-sector and poultry
in livestock industry. The measures of instability (C.V, 1.1 and 1.C) revealed
high levels of instability in number and value of loans guaranteed for both
crop and livestock sub-sectors. The study further revealed different levels of
association between number and values of loans guaranteed under ACGSF
for both crop and livestock sub-sectors. However, the calculated r for the
crop sub-sector was statistically significant while the one for livestock was
not significant.