International records / OpenAlex research

An Assessment of Farmers’ Willingness to Pay for Extension Services Using the Contingent Valuation Method (CVM): The Case of Oyo State, Nigeria

This study assessed farmers’ willingness to pay (WTP) for extension services. The Contingent Valuation Method (CVM) was used to assess the amount which farmers are willing to pay. Primary data on the demographic, socio-economic variables of farmers and their WTP were collected from 228 farmers selected randomly in a stage-wise sampling procedure from the Oyo State, Nigeria. The data were summarized using frequency distribution while CVM, commonly used by natural resource economists to assess the willingness of the public to part-fund proposed projects, was used to determine the amount which fa…