IMPACT OF GUARANTEED MINIMUM PRICE ON RICE PRODUCTION IN BENUE STATE OF NIGERIA

This study was conducted in Benue State, Nigeria. Stratified and multi–stage random sampling techniques was used for the study. A total of two hundred and ten respondents were interviewed. Primary data used for the study were collected with questionnaire and oral interview. The main source of information on GMP was through Radio / Television. Lack of access to improved rice varieties, lack of credit facilities, No formidable rice co–operative society, High interest rate from the financial institutions and poor access to extension services were identified as the major problems in the areas. The GMP in Benue state played an important role in boosting the rice production.