1.9 BACKGROUND OF THE STUDY
Agriculture is very important to life, as nobody can live without Agricultural products, therefore financial houses and governments are in the business of giving credit to farmers to improve Agricultural productivities because of the essentiality of Agriculture in individual lifes and in the societies at large.
The provision of sound financial regulations that makes for economic well being is very essential and the assistance of financial house in building up a safe terrain in monetary reserves is very important in Agricultural sector where individuals, w ho hold Agricultural stock could pull their resources together when union of these stockholders could amount to a greater gain to the advancement of the individuals, well being and collective aspiration.
These financial institutions have the authority to deal on multiple problems traumatizing Agriculture and formation of Agro-union in Nigeria. The bank of Agriculture is becoming so highly modernized so that it will take a lot of money to produce food and cash crops in much profitable abundance. It is with these mind that government has arranged with her many agencies to bring some relief to aspiring agro=stock holders. Banks in any Nation have the key noble play on unfolding, the financial success in the economy.
Agricultural is a venture by some farmers, who hold Agricultural stock and on seeking to uplift their collective and individual, Agricultural standards. There standards range from planning technique to farmers who seek seed producing and from financial subsidization to producing and from financial subsidization to produce display in proper places. Agricultural, sector provides useful service where none exists especially one that would encourage uneconomic for individual ownership. They seek favorable trends such as Loan, scheme, plating crucial banking services and general market safety regulation ignorance, if now benefits and possible support from responsible agencies have killed better, banks being organized. Financial unit that can monitor research cash flow and general economic trends happened. To be a greater case to deal with farmers.
The ideal relationship between the financial houses and farers as individuals or as co-operatives could not be over emphasized. Individual farmers could find relative bank services fit for a great initiative transformation. Financial scheme that enable peasant transformation into grants in Agriculture are abundant such as a loan in Agricultural co-operative society where many individuals pull researches together. The level in individual maturity and productivity capacity could not be reckoned with.