scholarly journals EVALUATION OF THE PROFITABILITY AND PERFORMANCE OF YOUTH PARTICIPATION IN CASHEW NUT (ANACARDIUM OCCIDENTALE) MARKETING IN ANKPA LOCAL GOVERNMENT AREA OF KOGI STATE, NIGERIA

2018 ◽  
Vol 2 (1) ◽  
pp. 49
Author(s):  
Adeio P.E ◽  
Adejo E.G ◽  
Zakari J
Keyword(s):  
Local Government ◽  
Market Integration ◽  
High Efficiency ◽  
Local Government Area ◽  
Youth Participation ◽  
Primary Data ◽  
Gross Margin ◽  
Cashew Nut ◽  
Marketing Efficiency ◽  
And Performance

This study assessed youth participation in cashew nut marketing in Ankpa Local Government Area of Kogi State, Nigeria. It specifically described the socioeconomic characteristics of the youths, examined the profitability of youth involvement in cashew nut marketing, assessed the efficiency and performance of youth in cashew nut marketing, and determined the level of market integration in cashew nut marketing. A three staged random sampling method was used to select 120 youth involved in cashew nut marketing for the study. Relevant primary data obtained through structured questionnaire were analysed using descriptive statistics, gross margin model, marketing efficiency, and Pearson price correlation. Findings of the study showed a mean age and marketing experience of 37 years and 10 years respectively. Gross margin obtained was N 445, 563.90 per annum, N14, 811.11 per bag and N185.11per kg with a high efficiency level of 654%. The level of integration (0.415) between Awo and Enjema markets was significant 5%. Youth are encouraged to consider cashew nut marketing as an option to reduce unemployment and improve their welfare. 

scholarly journals Economic Analysis of Snail Marketing in Ibadan North East Local Government Area Oyo State, Nigeria

2019 ◽  
pp. 1-8
Author(s):  
A. F. Aderounmu ◽  
I. O. Oyewo ◽  
O. O. Oke
Keyword(s):  
Local Government ◽  
Local Government Area ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
North East ◽  
Frequency Table ◽  
Marketing Efficiency ◽  
The Cost ◽  
Benefit Cost

This paper reports findings from a study carried out to investigate the profitability of snail marketing in Ibadan North East Local Government area of Oyo State. Structured questionnaires and interview schedules were designed to obtain information on socio-economic characteristics, operational capital and source, years of experience in the business and constraints to snail marketing. Seventy snail marketers, randomly selected from three major markets which are Oje, Agodi gate and Agugu market;. The data collected were analyzed using frequency table, percentage, gross margin, Benefit/ Cost ratio and Marketing Efficiency analyses. Majority (94.3%) of the respondents were female while 5.7% were male. 31.5% were between the ages of 51-60years with mean age of 54.9 years. It was also shown that 50% source their capital through personal savings between N11,000-N20,000 and 47.1% with 5-9years experience. The cost and return analysis revealed that total revenue was N1, 457,700.00k and total cost was N1, 285,320.00k while gross margin    was N172, 380.00k and benefit- cost ratio was 1.13 which implies that for every N1.00 invested the marketer will make a return of N1.13k on every snail sold, Marketing efficiency was 88%. Major constraints to snail marketing in the study area were poor market patronage (87.1%) and seasonality (82.9%). Snail farming is advocated since it is a profitable agribusiness and can be achieved through cooperatives and micro credit facilities. Also, marketing of snail in the area    should be restructured and standardized to command frequent patronage and command higher price value.

scholarly journals Economic Analysis of Cassava Flour and Garri Production in Ibarapa Local Government Area, Oyo State, Nigeria

2020 ◽  
Vol 24 (9) ◽  
pp. 1551-1554
Author(s):  
A.A. Adesope ◽  
O. Olumide-Ojo ◽  
I.O. Oyewo ◽  
B.H. Ugege ◽  
A.A. Oyelade
Keyword(s):  
Local Government ◽  
Land Tenure ◽  
Sampling Technique ◽  
Local Government Area ◽  
Primary Data ◽  
Gross Margin ◽  
Cassava Flour ◽  
Factors Influencing ◽  
Significant Difference ◽  
Selection Of

Cassava, an edible root crop and a reliable and relatively inexpensive source of carbohydrate, is widely grown and processed into different foods such as cassava flour and garri. The study analyzed the costs and returns in cassava flour and garri production and also determined the factors influencing its production in the study area. A two- stage sampling technique was used to generate primary data used for this study. The first stage involved the purposive selection of Ibarapa North Local Government Area (LGA), because it has more cassava producers and processors than other LGAs. The second stage involved the random selection of 15 villages out of the 23 in the LGA. From the selected villages, 170 respondents were randomly selected while only 150 copies of the structured questionnaire administered were retrieved. Results from the primary data shows that 28.3% of garri producersproducers had no formal education and 46.7% were between the ages of 30 and 39years. The regression analysis shows that the quantity of garri sold (ß =5.4099), transportation cost (ß =-0.2994), peeling cost (ß = -0.4249), and grating cost (ß = 0.6878) were all  significant to the total revenue of cassava flour sold. Price, inadequate capital, transportation, land tenure and markets were factors influencing garri and cassava flour production. Analysis of the costs and returns revealed that processing cassava into garri gave a higher gross margin even though processing of cassava was profitable, indicating that there is a significant difference between flour and garri production. Inputs, market, good and infrastructural facilities should be provided so as to increase production capacity and hence food security. Keywords: Cassava, Cassava flour, Garri, Gross margin, Nigeria

scholarly journals Cost and Returns Analysis of Groundnut Production in Qua’an Pan Local Government Area of Plateau State, Nigeria

2020 ◽  
pp. 31-40
Author(s):  
A. A. Dalla ◽  
S. K. Vihi ◽  
B. Jesse ◽  
L. G. Tor
Keyword(s):  
Local Government ◽  
Land Tenure ◽  
Function Analysis ◽  
Local Government Area ◽  
Farm Size ◽  
Primary Data ◽  
Farm Income ◽  
Selling Price ◽  
Gross Margin ◽  
Plateau State

This study assessed cost and returns analysis of groundnut production in Qua’an Pan Local Government Area of Plateau State, Nigeria. The specific objectives were to determine the socio economic characteristics of groundnut producers in the study area, estimate the cost and returns of groundnut production, determine the input and output relationship in groundnut production and identify the constraints faced by groundnut farmers in the study area. Multistage sampling technique was used in selecting 150 respondents for the study. Primary data were collected through the use of structured questionnaires and interview technique and were subjected to both descriptive and inferential statistics. The results obtained from the study revealed that the mean age of the respondents was 38 years with males dominating (82%) the groundnut production enterprise in the study area. Greater (85%) percentages of respondents were married with majority (64%) of them having primary school education. The respondents had an average household size of nine (9) persons, a mean farming experience of 9.3 years and an average farm size of 3.0 hectares. The result also revealed that majority (72%) of the respondents did not belong to any cooperative/ farming association. The result indicates that majority (79%) of the groundnut farmers acquired their farmland by inheritance. Groundnut production in the study area is profitable. The average output obtained per hectare was 696 kg at the prevailing selling price of ₦280/kg. The total revenue (TR), gross margin (GM) and, net farm income (NFI) per hectare obtained were ₦194880, ₦139380 and ₦123730 respectively. The return on naira invested (RNI) by farmers in the study area was ₦1.70 indicating that for every one naira invested, ₦1.70 profit was gained. The result of the double log production function analysis shows that farm size, cost of fertilizer and cost of labour were statistically significant and influenced the profitability of groundnut production.  Major constraints to groundnut production in the study area include; high cost of inputs (64 %), high cost of labour (49 %), lack of organized market system (47%), land tenure (42%) among others. The study recommends that groundnut stakeholders and research institutes should work more on introducing new improved groundnut varieties. Government should subsidize groundnut inputs like recommended fertilizer and herbicides so as to motivate farmers to grow groundnut. Government should establish organized marketing systems where farmers will have proper and reliable linkages with buyers thereby reducing the undue exploitative tendencies of the middlemen.  Improved storage facilities should be provided so that farmers could store their produce to avoid spoilage and for sale during times of scarcity.

scholarly journals Economics of palm oil production in Nsukka Local Government Area, Enugu State, Nigeria

2021 ◽  
Vol 19 (1) ◽  
pp. 78-88
Author(s):  
Chinedum J. Chiemela ◽  
Ikenna C. Ukwuaba ◽  
Ocheje E. Ugbede ◽  
Justina Ibe ◽  
Chris N. Onyekwe
Keyword(s):  
Local Government ◽  
Palm Oil ◽  
Oil Production ◽  
Population Data ◽  
Local Government Area ◽  
Primary Data ◽  
Technological Advancement ◽  
Gross Margin ◽  
Production Techniques ◽  
Enugu State

With the increasing technological advancement and adoption in palm production, this study examined the economic viability of palm oil  production in Nsukka Local Government Area (LGA) of Enugu state. Specifically, the study determined the socioeconomic characteristics of palm oil producers, different production techniques adopted, costs and return and the constraints that mitigate palm oil production of the farmers. Primary data were collected with the aid of a well-structured questionnaire from 50 palm oil producers selected randomly from the population. Data were analyzed using descriptive statistics, and gross margin model. In addition to the use of traditional production techniques, producers were identified to be using machine for their production (modern technique) and a combination of both. The gross margin analysis showed that the enterprise is viable and profitable. The study identified inaccessibility of palm fruits, high cost of harvesting, unavailability of human labour, and long duration of processing as the major constraints to palm oil production. The study recommended among others that producers need to form groups in other to be able to purchase modern machines as this will help in their production and also improve the rural infrastructures as it will help to reduce the transportation and the high cost of production challenges faced by farmers especially palm oil farmers/producers in Nsukka LGA of Enugu State.

scholarly journals Economics of piggery enterprise in Nigeria: A case study of Udi Local Government Area of Enugu State, Nigeria

Agro-Science ◽  
2020 ◽  
Vol 19 (2) ◽  
pp. 6-12
Author(s):  
N.A. Onyekuru ◽  
I.C. Ukwuaba ◽  
E.O. Aka
Keyword(s):  
Local Government ◽  
Local Government Area ◽  
Primary Data ◽  
Farm Income ◽  
Net Income ◽  
Gross Margin ◽  
Pig Production ◽  
Key Words Pig ◽  
Enugu State ◽  
The Government

The study examined the economics of pig enterprise in Udi Local Government Area of Enugu State, Nigeria. Despite the economic leverage and  nutritional advantages of pig, its production still remains the least when compared to other livestock sub-sector. The study specifically described the socioeconomics characteristics of pig farmers, examined the factors influencing revenue from pig production, estimated the costs and returns in pig production and examined the problems faced by pig farmers in the area. Purposive and random sampling techniques were used in the selection of 60 farmers for the study. Primary data were collected from the selected farmers with the aid of structured questionnaire. Data were analysed using descriptive statistics, net income and multiple regression models. Results showed that majority of the respondents (85%) were male, married (81.7%), literate (100%) with mean age and household size of 48 years and five persons, respectively. Majority (88.3%) of the respondents sourced their capital from personal savings and 95% of them had crossed breeds of pigs. The determinants of net income from pig production were  education (−0.271), cost of feed (0.687) and cost of labour (0.329). The profitability and the viability of piggery enterprise in the study area were shown by the gross margin, net farm income and the return on investment of ₦824,395.30 ($2,269.56), N747,797.42 ($2,058.69) and 0.84 (84%),  respectively. Huge capital required for the investment, inadequate extension education, high cost of feed, diseases and parasite infestation, poor farm management, high cost of veterinary services, insufficient credit facilities and subsidies, and infant mortality and cannibalism were the major constraints faced by the farmers in the piggery enterprise. The study recommends that the government and other relevant agencies should provide subsidies and make credit facilities available and accessible to pig farmers in the study area. Key words: pig production, enterprise, gross margin, profitability, Nigeria

scholarly journals Marketing of poultry eggs in Ondo West Local Government Area of Ondo State, Nigeria

2021 ◽  
Vol 47 (6) ◽  
pp. 39-45
Author(s):  
I. Ibidapo ◽  
M. H. Ogunsipe ◽  
P. T. Owombo
Keyword(s):  
Regression Analysis ◽  
Local Government ◽  
Sampling Technique ◽  
Local Government Area ◽  
Least Square ◽  
Primary Data ◽  
Gross Margin ◽  
Poultry Eggs ◽  
Ondo State ◽  
The Mean

The study investigated the marketing of poultry-eggs in Ondo-West local government area of Ondo State, Nigeria. The multi-stage sampling technique was employed in the selection of one hundred and twenty-five (125) poultry-egg marketers for the study. Primary data collected with the aid of structured questionnaire were analysed using descriptive statistics, gross margin analysis and ordinary least square regression analysis. Result showed the mean age of respondents as 44.2±9.7 years, 63.2% were female and 36.8% were male and 72.0% were married. The mean household size was 7±3 members and 58.4% had secondary education. Price fluctuation constitutes a major challenge in poultry-egg marketing. The gross margin was N 48611.37. The regression analysis revealed that stock size (number of creates), cost price, transportation cost and labour cost were the significant variables influencing the gross margin in poultry-egg marketing in the study area. Marketing of poultry-egg has improved the average household means of livelihoods and generate income. Hence, poultry-egg marketing should be encouraged in terms of access to credit, information and provision of storage facilities.   L'étude portait sur la commercialisation des œufs de volaille dans la zone de gouvernement local de l'Ouest de l'Ondo dans l'État d'Ondo, au Nigéria. La technique d'échantillonnage en plusieurs étapes a été utilisée pour sélectionner cent vingt-cinq (125) commerçants d'œufs de volaille pour l'étude. Les données primaires collectées à l'aide d'un questionnaire structuré ont été analysées à l'aide de statistiques descriptives, d'une analyse de la marge brute et d'une analyse de régression des moindres carrés ordinaires. Les résultats ont montré que l'âge moyen des répondants était de 44,2 ± 9,7 ans, 63,2% étaient des femmes et 36,8% étaient des hommes et 72,0% étaient mariés. La taille moyenne des ménages était de 7 ± 3 membres et 58,4% avaient une éducation secondaire. La fluctuation des prix constitue un défi majeur dans la commercialisation des œufs de volaille. La marge brute était de N48611.37. L'analyse de régression a révélé que la taille du stock (nombre de caisses, prix, coût de transport et coût de la main-d'œuvre étaient les variables importantes influençant la marge brute de commercialisation des œufs de volaille dans la zone d'étude. La Commercialisation des œufs de volaille a amélioré les moyens de subsistance moyens des ménages et constitue un moyen de générer des revenus. Par conséquent, la commercialisation des œufs de volaille doit être encouragée en termes d'accès au crédit, d'information et de fourniture d'installations de stockage.

scholarly journals Economic Analysis of Cassava Production: Prospects and Challenges in Irepodun Local Government Area, Kwara State, Nigeria

2020 ◽  
Vol 1 ◽  
pp. 28-32
Author(s):  
Saheed O. Sanusi ◽  
I. A. Adedeji ◽  
M. J. Madaki ◽  
G. Udoh ◽  
Z. Y. Abdullahi
Keyword(s):  
Local Government ◽  
Transportation Cost ◽  
Local Government Area ◽  
Least Square ◽  
Farm Size ◽  
Primary Data ◽  
Significant Variable ◽  
Gross Margin ◽  
Ols Regression ◽  
Cassava Production

This study was carried out to analyse cassava production, prospects and challenges in Irepodun local government area, Kwara State, Nigeria. It aimed to examine the determinant variables and determine the profitability level of cassava enterprises. The study was based on primary data obtained with the aid of structured questionnaire from 100 cassava farmers drawn through multi-stage sampling techniques from the study area. Data were analysed using descriptive statistics, ordinary least square (OLS) regression model and gross margin analysis. The result of the OLS regression estimates showed that farm size, cost of fertilizer application, farm size, herbicides, family and hired labour were significant variable affecting cassava production in the study area. Fertilizer, farm size and hired labour are significant at 1% while herbicide and family labour are significant at 10%. The study found that the average gross margin per hectare for cassava production in the study area was ₦24,749.28 ($65.30) with a gross benefit ratio of 1.38. This shows that for every ₦1 invested in the business of cassava production, there is a corresponding profit of ₦1.38. The major challenges identified in cassava enterprise are huge transportation cost, high cost of production, lack of improved cassava cultivars, and lack of market linkages. The study concluded despite the problem encountered in the study area, cassava production is profitable and can serve as a panacea for economic improvement of households. Therefore, the study recommends that basic inputs such as improved cassava varieties, herbicides and fertilizer should be made available at affordable price. Also, infrastructural facilities such as good road network and improve marketing channels should be provided in order to sustain current cassava production rate and economic gains from the production.

scholarly journals Analysis of Structure and Efficiency of Cassava Marketing in Ado-Ekiti Local Government Area of Ekiti State, Nigeria

2020 ◽  
Vol 27 (2) ◽  
pp. 62-69
Author(s):  
H. Egwuma ◽  
A.E. Muhammed ◽  
O.A. Ojeleye ◽  
Y.U. Oladimeji ◽  
A.A. Hassan
Keyword(s):  
Local Government ◽  
Gini Coefficient ◽  
Sampling Method ◽  
Market Concentration ◽  
Local Government Area ◽  
Primary Data ◽  
Market Conditions ◽  
Marketing Efficiency ◽  
Multistage Sampling ◽  
Distribution Of Income

The study examined the structure and marketing efficiency of cassava in Ado-Ekiti Local Government Area of Ekiti State, Nigeria. Primary data were obtained using structured questionnaires and multistage sampling method was employed to select 183 respondents comprising 93 farmers and 90 marketers. The Herfindahl-Hirschman Index and Gini Coefficient were used to measure the degree of market concentration and the nature of competition in the market. The Herfindahl-Hirschman indices were 0.323, 0.346, and 0.316 for farmers, wholesalers, and retailers, respectively, suggesting that the market was uncompetitive at all levels. The computed values of Gini coefficient for cassava farmers, wholesalers, and retailers were 0.532, 0.465, and 0.569, respectively, indicating uneven distribution of income and uncompetitive market conditions. Two channels of cassava marketing were identified and the study demonstrates that the farmer-wholesaler-retailer-consumer channel had higher marketing efficiency and thus provides marketers with better opportunities for making more profits. Based on the findings, it is recommended that micro credit facilities should be made accessible to market actors to encourage investment and improve efficiency in cassava marketing. Keywords: Cassava, marketing efficiency, Ekiti, Herfindahl-Hirschman Index, Gini Coefficient

scholarly journals Profitability, Marketing Efficiency and Value Addition of Timber Industry in Ife East Local Government of Osun State, Nigeria

2020 ◽  
Vol 24 (4) ◽  
pp. 589-595
Author(s):  
T.O. Babatunde ◽  
O.O. Babatunde ◽  
K.O. Babatunde ◽  
A.R. Aduloju ◽  
T. Oluwalana ◽  
...  
Keyword(s):  
Local Government ◽  
Secondary Data ◽  
Primary Data ◽  
Value Addition ◽  
Timber Industry ◽  
Marketing Efficiency ◽  
Total Profit ◽  
Age Range ◽  
Cost Of Transportation ◽  
Structured Questionnaire

The study focused on marketing and value of additions of timber in Ife East Local Government, Osun state Nigeria. Specifically, the study examined the market efficiency, determined the profitability of the timber business, examine the level of value addition and the constraints facing the timber industry. Data were collected with the use of primary and secondary data. Primary data needed for the study were generated from structured questionnaire. Fifteen sawmills were randomly selected and one hundred and fifty questionnaires were distributed to the timber marketer and furniture m firm. One hundred and forty eight were retrieved. The data collected were analyzed using descriptive and budgetary analyses. The result showed that males had the highest percentage (89.2%). Majority of the respondents were within the age range of 40 -50 years (83.8%) and most were married (81.8%) it was further revealed that (67.6%) had regular supply of their product and the means of transportation was lorry (44.6%). The study also revealed that benches with 42% added more value addition to the industry. It showed that the year 2013 had the highest efficiency with 2.6. The budgetary analysis showed that the average revenue for the industry for the year 2012-2018 ranged between N2, 285,108.45, 889,107.12. It also revealed that the total profit for the timber ranged between 7, 340, 54.59 and 2,304,897.47.government policy, inadequate facilities in the market, inadequate facilities in the market, inadequate credit facilities, inadequate power supply and high cost of transportation were some of the constraint faced by the timber industry in Ife East Local Government. Keywords; profitability, marketing efficiency, timber, value addition, industry

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