University of Khartoum

Assessment of the Role of Sudanese Specialized Banks in the Development of the Agricultural Engineering Technology in Rahad Scheme

Assessment of the Role of Sudanese Specialized Banks in the Development of the Agricultural Engineering Technology in Rahad Scheme

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Title: Assessment of the Role of Sudanese Specialized Banks in the Development of the Agricultural Engineering Technology in Rahad Scheme
Author: Rahma, Fatima Mohammed Ahmed Mohammed
Abstract: This study aimed to assess the level and kind of technology adopted by farmers in the irrigated sector and the role of specialized government development banks in promoting and developing them with emphasis on agricultural engineering technologies. Primary and secondary data were collected from Rahad Irrigated Scheme and Agricultural Bank of Sudan by structured questionnaires. Stratified and targeted random sampling were followed to cover 310 farmers and 59 bank employees .Statistical Analysis System (SAS) Program was used to carry out descriptive statistical analysis and chi-square test to examine the association between variables. The results showed that finance was the main obstacle to adopt recommended agricultural engineering technologies for 53.4% of the surveyed farmers. The informal finance sources were more dominant for operational cost of farm machinery as indicated by 87.5% of the respondents. Murabahah which is an Islamic and a trade-based mode and defined as Sales Contract at a Profit Markup, was dominant in financing agricultural engineering technologies for 69.6% of the studied respondents .44.4% of the respondents considered Murabahah as inappropriate for financing agricultural engineering technologies and there should be shift towards other financing modes .The study revealed a significant (p=0.03) effect of finance allocated by banks on the agricultural engineering technologies adopted by farmers and a high significant (p=0.0001) relationship between the level of mechanization, practiced by farmer, and the finance that could be secured from specialized banks. Banks should give a special consideration in financing agricultural engineering technologies and innovative programs to help farmers achieving high levels of mechanization in agricultural production. Musharakah is an Islamic mode of finance and a participatory approach in which both partners participate in the management and provision of capital and also share in the profit and loss. The study recommended Musharakah as the most appropriate mode to integrate agricultural engineering technologies in the farming systems of the Rahad irrigated Scheme.
URI: http://khartoumspace.uofk.edu/123456789/26692


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