scholarly journals PROFITABILITY ANALYSIS OF BENISEED (SESAME) PRODUCTION IN LAFIA LOCAL GOVERNMENT AREA OF NASARAWA STATE, NIGERIA

2021 ◽  
Vol 2 (2) ◽  
pp. 51-53
Author(s):  
Bello D ◽  
Agwale AO ◽  
Zaknayiba DB ◽  
Moren S ◽  
Ndor E
Keyword(s):  
Local Government ◽  
Small Scale ◽  
Family Needs ◽  
Gross Margin ◽  
Access To Credit ◽  
Profitability Analysis ◽  
Married Men ◽  
Government Data ◽  
Small Scale Farmers ◽  
Margin Analysis

The research was designed to examine the profitability analysis of beniseed (Sesame) production in Lafia Local Government. Data collected was analysed using simple descriptive statistics such as mean, frequency count, percentage and gross margin analysis to satisfy all the objectives. From the data collected, it was deduced that majority of the respondents 94.2% that engaged in sesame production are male. Also, most of the respondents 37.5% are married men and women who participated in the production of beniseed in order to carter for their family needs. Most of the respondents have one form of education or the other but majorities of them 33.8% have primary education predominantly, people who engaged in the production of beniseed in the study area are the small-scale farmers. Most of the respondents have an average number of family 3 – 4 per household. Most of the respondents spend only few number of years 3 – 5 years in beniseed production, 66.67% of the respondents being small-scale farmers make use of their family as a source of labour. In terms of extension awareness, 70.8% of the respondents are aware of extension services while only few number 29.2% are not. In terms of access to credit facilities majority of the respondents 65.0% have no access to credit while only scanty number 35.0% have access to credit facilities majority of the respondents 46.7% have problem of inadequate fund as a source of capital.

scholarly journals Effects of credit rationing on the returns of poultry farmers in Ogun State, Nigeria

2020 ◽  
Vol 45 (3) ◽  
Author(s):  
W. A. Yusuf ◽  
R. O. Agbontafara ◽  
S. A. Yusuf
Keyword(s):  
Interest Rate ◽  
Credit Rationing ◽  
Multinomial Logit ◽  
Small Scale ◽  
Gross Margin ◽  
Ogun State ◽  
Personal Savings ◽  
Poultry Farmers ◽  
Small Scale Farmers ◽  
Margin Analysis

In Nigeria, agricultural credit has long been identified as a major input in the development of the agricultural sector. Thus, the study was carried out in order to examine the effects of credit rationing on the returns of poultry farmers in Ogun state, Nigeria. In the study, primary data obtained from 120 farmers through the use of questionnaires were used. The data were analysed using descriptive statistics, multinomial logit model and gross margin analysis. The result revealed that 59.22% of the sampled farmers obtained their capital from personal savings while 18.45% and 14.56% of them sourced theirs from cooperative organisations and banks, respectively. The study also affirmed that many of the farmers who source for credit outside their personal savings preferred getting credit from cooperative associations/savings associations because the source was less collateral-demanding, charges relatively lower interest rates, required bearable procedures and conditions for borrowing credit. The multinomial logit analysis showed that interest rate was significant at 5%level under cooperative/savings association sources. This implied that interest rate was a determining factor for sourcing credit from cooperative associations. The regression result also showed that interest rate on credit and distance of the farm households from credit source, contributed negatively, while gender and collateral contributed positively to the returns of poultry farmers. The result of the gross margin analysis showed that the total variable cost incurred by the farmers increased as the amount of credit/loan received increased. Hence, the informal finance providers were the backbone of small scale farmers. It is therefore recommended that the bureaucratic procedures for obtaining credit, from formal sources, should bemade flexible enough to accommodate small scale farmers.

scholarly journals Profitability Analysis of Pigean Pea (Cajanus cajan) Production in Riyom LGA of Plateau State

2014 ◽  
Vol 18 ◽  
pp. 73-88 ◽  
Author(s):  
M.E. Emefiene ◽  
V.I. Joshua ◽  
C. Nwadike ◽  
A.Y. Yaroson ◽  
N.D.E. Zwalnan
Keyword(s):  
Pigeon Pea ◽  
Variable Cost ◽  
Gross Margin ◽  
Access To Credit ◽  
Secondary Sources ◽  
Cooperative Society ◽  
Pest Infestation ◽  
Profitability Analysis ◽  
Plateau State ◽  
Margin Analysis

The study focused on the profitability of pigeon pea production in Riyom LGA of Plateau State. Data for the study were obtained from both primary and secondary sources. Questionnaires were administered to 80 targeted farmers to get information on their socio-economic characteristics, years of experience in pigeon pea production and the reason for growing pigeon pea. The analytical tool used includes descriptive statistics to analyze the socio-economic characteristics of the farmers and farm budgeting technique (gross margin analysis) for assessing the profitability of pigeon pea production. The study also identified the constraints encountered by farmers such as high cost of labour, inadequate processing / storage facilities, problems of access to credit/loans and weed/pest infestation. The results shows that pigeon pea production is profitable with a total variable cost (TVC) at N22620.68 per ha, while gross revenue (GR) was N50185.25 per ha, the profit margin (GM) at N32564.59 and the net return per Naira invested was N0.69. It was recommended that farm inputs and improved seed varieties should be made available to farmers at affordable rates so as to enable them operate at a commercial and profitable level of pigeon pea production. These farmers should be encouraged to form a cooperative society so as to alleviate the problem of credit/ loan acquisition and procurement of genuine products as well as avoid exploitation

scholarly journals Profitability analysis of paddy production: A case of agricultural zone 1, Niger State Nigeria

2018 ◽  
Vol 16 (1) ◽  
pp. 88-92
Author(s):  
Madu Ali Bwala ◽  
Aniobi U John
Keyword(s):  
Descriptive Analysis ◽  
Sampling Technique ◽  
Rice Production ◽  
Variable Cost ◽  
Small Scale ◽  
Production Cycle ◽  
Gross Margin ◽  
Profitability Analysis ◽  
Multi Stage ◽  
Small Scale Farmers

This study estimated the profitability of rice production among small scale farmers in Bida agricultural zone of Niger state. The study utilized a multi-stage random sampling technique to select a total of one hundred and five (105) rice farmers in the area. The data was collected through a well-structured questionnaire from four communities in the study area. Descriptive statistics and farm budgeting tools were used for the analyses. The descriptive analysis showed that the farmers are highly productive between the age range of 37- 48 years. Furthermore, results also revealed land area cultivated by the farmers to be generally below two hectares. The finding further revealed the variable cost per hectare for rice production to be $126,100 per production cycle, while total revenue of $227,500 was realized by the respondents. The results also revealed cost of labour to account for the largest portion (54.0%) of the total variable cost. This is followed by the cost of seed, fertilizer, transportation, herbicide, pesticide and bagging. The farm budgeting analysis revealed the costs and returns of rice production to be profitable with a gross margin of $101,400 and net farm profit of $98,546.4. The gross profit ratio was calculated to be 0.45 which implies that farmers are selling their rice produce at a relatively high profit percentage. Based on the results obtained from the study, it was concluded that rice production in Bida Agricultural Zone of Niger State is profitable. Hence, the cultivation of rice is an important enterprise that should be encourage, considering the fact that it is a major staple. It is therefore recommended that timely availability of farm inputs such as improved seed variety and agrochemicals will further boos trice production in the area. Furthermore, provision of credit facilities to small scale farmers is a viable policy to be pursuedJ. Bangladesh Agril. Univ. 16(1): 88-92, April 2018

scholarly journals SOCIO-ECONOMIC ANALYSIS OF CASSAVA PRODUCTION IN IKOLE LOCAL GOVERNMENT AREA OF EKITI STATE.

2016 ◽  
Vol 10 (2) ◽  
pp. 2036-2038
Author(s):  
S.O.W TOLUWASE ◽  
K. A ABDU-RAHEEM
Keyword(s):  
Local Government ◽  
Land Tenure ◽  
Local Government Area ◽  
Small Scale ◽  
Gross Margin ◽  
Cassava Production ◽  
The Mean ◽  
Socio Economic Variables ◽  
Small Scale Farmers ◽  
Structured Questionnaire

The study was carried out in Ikole Local Government Area of Ekiti State. Structured questionnaire was used to collect data on socio-economic variables, costs and revenues of the farmers. One hundred food crop famers cultivating cassava were randomly selected for the study. The result revealed that most of the farmers were young and educated. The mean household size was eight people. Land tenure through inheritance was the major method of acquiring farmland. Most farmers are small scale farmers operate mostly on owner’s equity. The gross margin of cassava production was #172, 920.00 per hectare. Cassava production was profitable by returning 2.07 for everyone naira invented in the study area. Among the recommendation made to boost production in the area was granting of small loans to farmers by commercial banks and land should be made available and allocated to the farmers to increase output and productivity of cassava production in the study area.

Talent and Africa Standing on Its Own Feet

2021 ◽  
pp. 54-73
Author(s):  
Meleckidzedeck Khayesi
Keyword(s):  
Community Development ◽  
Past Research ◽  
Dairy Goat ◽  
Small Scale ◽  
Family Needs ◽  
Case Study Method ◽  
Western Kenya ◽  
Agricultural Enterprises ◽  
Small Scale Farmers

The objective of this case study is to examine how a farmer, Mr. Alex Omwela Adala, has utilised his talent to create self-reinforcing agricultural enterprises to stand on his own feet. This study addresses a gap in past research on entrepreneurship which tended to focus on profiles of entrepreneurs as well as development and outcomes of investment in businesses. Starting literally from scratch, this farmer has currently nine self-reinforcing agricultural enterprises that have enabled him to cater for his family needs and provide technical support to other small-scale farmers. He has played a key role in founding and managing the Dairy Goat Association of Kenya, Western Kenya Branch. The contribution of this chapter is in using a case study method and a transformative story to learn about talent exploitation for individual and community development. The chapter does not only provide an approach of data collection but also experiential insights and wisdom of an entrepreneur who has travelled the path of investment for 30 years.

scholarly journals Economics and Technical Efficiency of Maize Production Among Small Scale Farmers in Abuja, Nigeria: Stochastic Frontier Model Approach

2020 ◽  
Vol 2 (6) ◽  
Author(s):  
E. S. Ebukiba ◽  
L. Anthony ◽  
S. M. Adamu
Keyword(s):  
Stochastic Frontier ◽  
Farm Size ◽  
Small Scale ◽  
Stochastic Frontier Model ◽  
Gross Margin ◽  
Maize Production ◽  
Factors Influencing ◽  
The Mean ◽  
Small Scale Farmers ◽  
Model Approach

This study evaluated Economics and Technical Efficiency of Maize Production Among Small Scale Farmers in Abuja, Nigeria; Stochastic Frontier Model Approach; Multi-stage sampling technique was adopted and used. Primary data were collected through the use of well-structured questionnaire from one hundred and fifty (150) sampled respondents in the study area. Data were analyzed to achieve the specified objectives using the following tools of analysis, Descriptive Statistics, Stochastic Frontier, Gross Margin Analysis, Financial Analysis, Five Point Likert Scale, and Principal Components Analysis. The results show that majority 40.47% of the sampled respondents were among the age range of 41-50 years of age and 25.33% were within the age bracket of 31-40 years of age. The mean age of the sampled farmers is 44 years. Which indicated that Young and energetic farmers are able to withstand stress and adopt new innovations. Most 88.67% of the farmers were male. Majority 72.67% were married. The mean household size of the sampled respondents is 6 members per family. Majority (67%) of the small-scale maize farmers had 1-2 ha of land and the average farm size cultivated by the farmers was 2.576 ha. The factors influencing total output of maize were seed input (P<0.01), Farm Size (P<0.05), quantity of fertilizer (P<0.05), and labour input (P<0.01) were statistically significant variables. The results of the inefficiency components show that the factors influencing technical inefficiency includes: age (P<0.01), education (P<0.01), access to credit (P<0.05), farming experience, and household size (P<0.05) and were statistically significant. The total revenue realized by the sampled small-scale maize farmers was N238,317 on average. While the total variable costs on average basis was N109,702.93. The gross margin realized was N128667.07. The gross margin ratio was 0.54 while operating ratio calculated was 0.857 and the rate of return on investment (RORI) was 1.17. The retained component from the constraint’s analysis include Lack of Improve Seed, Lack of Transportation, Poor Storage Facilities, Inadequate Capital, and Cattle Herdsmen. The retained components explained 60% of the variation of the component included in the model. The study therefore, recommends that affordable loans and adequate capital should be made available to the small-scale maize farmers, farmers should be properly trained and educated by the non-governmental organizations and extension agents on chemical application, fertilizer use and pests and diseases control measures especially on integrated pest management (IPM). Inputs like improve seeds, fertilizer, and chemicals should be made available to farmers at subsidized rates and at appropriate time coinciding with production periods for proper usage. Provisions should be made for transportation and storage facilities for farmers, the issue of conflict between farmers and herdsmen should be brought to book and resolved amicably for peaceful coexistence.

scholarly journals Evaluation of Farmers’ Willingness to Pay (WTP) for Sesame Seed Driller Machine Rental Service in Kafta-Humera District, Western Tigray, Ethiopia

2020 ◽  
pp. 51-60
Author(s):  
Yemane Hailu Gebre
Keyword(s):  
Willingness To Pay ◽  
Sesame Seed ◽  
Small Scale ◽  
Probit Regression ◽  
Fair Price ◽  
Access To Credit ◽  
Face To Face ◽  
Cultivable Land ◽  
Small Scale Farmers ◽  
Land Size

The use of row planter in Ethiopia for sesame production is almost at the infant stage, and most seeds were typically sown through manual broadcasting as the tariff of imported agricultural machinery (row planter) is high. This shows that poor and small-scale farmers are unable to purchase row planter/sesame seed driller machine/ as its cost is expensive and their land is small. Hence, this study has assessed farmers' willingness to pay to rent sesame seed driller machine service by conducting a survey of 124 farmers in Kafta-humera district, western Tigray, Ethiopia. A survey questionnaire related to CVM was designed and face-to-face interviews were made to collect the data. The descriptive result showed that 85.48% of the farmers were willing to rent the Sesame seed driller machine with a mean of ETB 911.37 per hectare. The Probit regression results confirm that the educational level, access to extension service, the income of the household, and access to credit were the factors that affecting the farmers’ level of willingness to pay positively. However, the cultivable land size was negatively influencing willingness to rent sesame seed driller machine by the farmers. Regarding the perception of farmers, majority of the respondents were perceived positively particularly with the statements of “sesame seed driller machine decreases weed occurrence and makes easy to control weed, increases sesame grain yield and it makes farmers financially profitable". However, they perceived negatively on that it drills a higher seed rate and missed plant to some extent. The study, therefore, recommends encouraging well educated and better off people to engage in sesame farming, overhauling agricultural extension services. Moreover, it is suggested that investors, cooperatives or private companies should introduce sesame seed driller machine not only for themselves but also to rent service at a fair price.

Sign in / Sign up

Export Citation Format

Share Document