Impact of Cooperative Insurance on Farmers’ Productivity in Ekiti State, Nigeria

The study examined how cooperative insurance affects farmers' productivity in Ekiti State, Nigeria, from 1981 to 2021. Using the ARDL model. The study examined the effects of cooperative insurance claims and reserves on Ekiti State farmers' production, as well as the link between the two. Researchers evaluated agricultural cooperative insurance claims (ACIC) and reserves (ACIR) as possible predictors of farmers' output (FQ), a measure of productivity. In the near term, agricultural cooperative insurance claims greatly benefit farmers' productivity in Ekiti State, Nigeria. The agricultural cooperative insurance reserve instantly and positively impacts farmers' productivity in Ekiti State, Nigeria. The causation analysis shows a strong link between farmers' production and cooperative insurance. The data show a one-way link between farmer productivity (FQ) and agricultural cooperative insurance claims (LNACIC). In Ekiti State, Nigeria, cooperative insurance indices positively affect farmers' production, although agricultural cooperative insurance reserves (LNACIR) and farmer productivity (LNFQ) are not causally linked. The flow begins with farmers' productivity (LNFQ) and ends with agricultural cooperative insurance claims (LNACIR), although there's no recognized causal link. The federal government should prioritize financing and resources for cooperative organizations in Ekiti State Nigeria.