scholarly journals Yield estimation and profitability of cotton production in Northern Nigeria

2020 ◽  
Vol 8 (10) ◽  
pp. 215-220
Author(s):  
Samuel Adeoti ◽  
◽  
Adedamola Ajayi ◽  
Moses Agunbiade ◽  
◽  
...  
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Primary Data ◽  
Cost Ratio ◽  
Maximum Output ◽  
Northern Nigeria ◽  
Cotton Production ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Cotton Farmers

The study estimated the yield and profitability of cotton production in northern Nigeria. Primary data were used for the study using a well-structured questionnaire and experimental plots. Data were collected on the cost of inputs, price and quantity of output as well as constraints facing the enterprise. Crop cut experiment was used to estimate the yield per hectare during a given cultivation cycle. The budgetary technique was used to estimate cost and returns to cotton production and Likert scale was used to identify and rank the constraints facing the enterprise. Random Sampling was employed to select eleven cotton farmers from Anka, Maru and Talata-mafara Local Government Areas to have a sum of thirty-three respondents from which one respondent from each of the three local governments volunteered to host the experimental plot for the crop cut. These selections were done based on their prominence in cotton production. The average estimated quantity of the three plots located in the three local government gives an estimated value of 1183 kg/ha. The study showed that cotton production is profitable with a gross margin of ₦40 while the profit index and benefit-cost ratio were 0.12 and 1.13 respectively. Major constraints facing the production of cotton were insufficient funding, poor/unstable pricing, high cost of inputs, policy summersault, poor linkage with off-takers and pest and diseases. This study recommends that governments at all levels should provide loans with no or very low interest for the farmers to solve the problem of funds and put in place policy measures aimed at regulating the price of cotton to establish a good marketing system. There is a need for research institutes to develop more high yielding cotton seeds for cotton farmers to increase yield for more profit. Cotton farmers need to be introduced to new techniques and innovations for maximum output, hence a need for more extension services. Keywords: Cotton production, crop cut experiment, profitability.

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 Benefit Cost Analysis of Different Rice Varieties in Kapilvastu District, Nepal

2019 ◽  
Vol 7 (2) ◽  
pp. 222-226
Author(s):  
Sundar Sapkota ◽  
Sanjib Sapkota
Keyword(s):  
Rice Variety ◽  
Household Survey ◽  
Primary Data ◽  
Cost Ratio ◽  
Gross Margin ◽  
Rice Varieties ◽  
Benefit Cost Analysis ◽  
Benefit Cost Ratio ◽  
Mountainous Regions ◽  
Benefit Cost

Rice is an annual plant belongs to family Poaceae. It is the major staple food crop of Nepal and can be grown from plain to mountainous regions of Nepal. The crop varieties differ from each other in terms of production cost, gross return and gross margin. The objective of this study was to analyze benefit cost ratio for production of different rice varieties. The study was carried out in Kapilvastu district of Nepal in 2018. A sample size of 120 respondents were selected randomly. Four different rice varieties: Gorakhnath, Radha-4, Ramdhan, and Sawa were used for the study. The primary data were collected through household survey using interview schedule. The data were analyzed using Statistical Package for Social Sciences and Microsoft Excel. The average cost of production was amounted to NRs. 77,100/ha for all four rice varieties. Sawa variety had the highest gross return (NRs. 1,01,212.5/ha). The benefit cost ratio was observed highest for Sawa (1.312) and lowest for Radha-4 variety (1.005). Sawa is the most economic rice variety in terms of gross and net production in the study area. The findings will help farmers to choose and cultivate rice variety with greater profitability. It is recommended that concerned authorities should give emphasis on subsidies, farmers training and ensuring floor price of rice.  Int. J. Appl. Sci. Biotechnol. Vol 7(2): 222-226

scholarly journals Economic analysis of mushroom enterprise in Chitwan district, Nepal

2021 ◽  
Vol 6 (4) ◽  
pp. 408-415
Author(s):  
Ranju Acharya ◽  
Ujjwal Tiwari
Keyword(s):  
Economic Analysis ◽  
Group Discussion ◽  
Secondary Data ◽  
Regression Function ◽  
Climatic Conditions ◽  
Primary Data ◽  
Cost Ratio ◽  
Market Demand ◽  
Gross Margin ◽  
Benefit Cost Ratio

The majority of the population (66%) in-country “Nepal” are engaged in agriculture. However, domestic production finds it difficult to meet the annual demand of the people. Hence, people are moving from subsistence agriculture to embrace mushroom farming. This study focuses on economic analysis and analysis of the present status of mushroom farming and enterprise in this country. The study was conducted in the land area of Kalika Municipality and Bharatpur Metropolitan City. 30 mushroom farmers with two huts and at least three years of experience were selected from the study area. The primary data were collected through face-to-face interviews with the farmers, focus group discussion (FGD) and key informant interviews (KII). The secondary data was collected through various published articles and documents. The data analysis was done using basic statistics and a regression function. The benefit-cost ratio is 2.54 and a high gross margin is NRs.490,876.65 per kattha per year. The return to scale (RTS) is 0.80. Five marketing channels are present among which wholesalers and local collectors contributed the highest percentage of the share. However, the dominance of the intermediaries, timely unavailability of inputs, price fluctuation, disease and pest infestation were the major constraints. Disease and pest control, formation of the producer organization, improvised cultivation practices, timely and affordable availability of quality can be the major solution measures. Whereas, suitable climatic conditions, high productivity and growing market demand are the strengths of mushroom production in this study area. Mushroom farming is found to be a profitable business concerning competitive and comparative markets. 

scholarly journals Production of Sonali chicken in selected areas of Gazipur district - an economic study

2014 ◽  
Vol 43 (1) ◽  
pp. 56-61
Author(s):  
MT Uddin ◽  
SJ Mitu ◽  
IA Begum
Keyword(s):  
Resource Use ◽  
Primary Data ◽  
Cost Ratio ◽  
Resource Use Efficiency ◽  
Gross Margin ◽  
Marginal Value ◽  
Benefit Cost Ratio ◽  
Electricity Cost ◽  
Net Returns ◽  
Use Efficiency

This study attempts to conduct an economic analysis and resource use efficiency for Sonali chicken production covering five villages of Sadar Upazila under Gazipur district. Primary data were collected from 60 purposively selected Sonali chicken rearers for this study. Descriptive and functional analysis were employed to achieve the objectives of the study. The major findings of the study are that total cost for 1000 birds were estimated at Tk. 120613 per batch. Average gross margin and average net returns for 1000 birds was calculated at Tk. 57240 and Tk. 52059 per batch. An average gross return for 1000 birds was estimated at Tk. 172672 per batch. Benefit cost ratio was found 1.4 for Sonali chicken production. Labour, veterinary and medicine and electricity cost had positive and significant impact on Sonali chicken production. Resource use efficiency was calculated by the ratio of marginal value product and marginal factor cost. Finally, the study also identified some of the major problems associated with Sonali chicken farming and suggested some possible steps for overcoming these problems.DOI: http://dx.doi.org/10.3329/bjas.v43i1.19386 Bang. J. Anim. Sci. 2014. 43 (1): 56-61

Economic analysis of fish processing and marketing in Ogun Waterside Local Government, Ogun State, Nigeria

2015 ◽  
Vol 42 (2) ◽  
pp. 235-245
Author(s):  
O. J. Olaoye ◽  
D. A. Adegbite ◽  
E. O. Oluwalana ◽  
S. S. Ashley- Dejo ◽  
O. A. Adelaja ◽  
...  
Keyword(s):  
Local Government ◽  
Economic Analysis ◽  
Bank Loan ◽  
Primary Data ◽  
Small Scale ◽  
Cost Ratio ◽  
Fish Processing ◽  
Gross Margin ◽  
Single Digit ◽  
Ogun State

This study examined the economic analysis of fish processing and marketing in Ogun Waterside Local Government Area of Ogun State, Nigeria using structured, validated and pre-tested interview schedules to collect primary data from one hundred and thirteen respondents. Descriptive analysis was used to analyze the socio-economic characteristics, access to productive resources and constraints faced by fish processors while budgetary analysis was used to determine profitability. The result reveals that 99.0% of the respondents were females, 57.4% were within their active economic age group (41 - 50 years), about 50.0% were educated and 82.3% were married. The scale of operation was on small scale level. The result of the budgetary analysis show that average total cost of N53,530.08 was incurred, average total revenue of N58,340.71 was realized and a returning gross margin of N37,088.44. The profitability ratio gave a benefit-cost ratio of 1.089 and expense structure ratio of 0.0603. This is an indication that fish processing business is profitable and viable in the study area. Despite the high profitability of the business, fish processors identified lack of collateral security for bank loan (96.5%), erratic power supply (92.0%) and lack of modern fish processing facilities (43.4%) as their most prevailing problems. With this high level of profitability and viability in fish processing and marketing, it is recommended that Government, cooperative societies, private bodies and non-governmental organizations should provide basic amenities such as storage facilities, electricity, transportation facilities and modern fish processing facilities in other to boost fish production in Nigeria as well as single digit Bank loan with civil servants as guarantors as means of collateral security.

scholarly journals PROFITABILITY ANALYSIS AND DETERMINANTS OF GROUNDNUT (Arachis hypogea) PRODUCTION IN DAMBATTA LOCAL GOVERNMENT AREA OF KANO STATE, NIGERIA

2020 ◽  
Vol 1 (1) ◽  
pp. 31-39
Author(s):  
C. G. Onuwa ◽  
S. S. Mailumo ◽  
S. Y. Muhammed
Keyword(s):  
Local Government ◽  
Sampling Technique ◽  
Local Government Area ◽  
Farm Size ◽  
Farm Income ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Arachis Hypogea ◽  
Profitability Analysis

This study analyzed the profitability and determinants of groundnut production in Dambatta Local Government Area of Kano state. Multi-stage sampling technique was used in collecting data from eighty (80) respondents in the study area. The data generated were analyzed using descriptive statistics, farm budgeting model and regression analysis. The results revealed that the gross margin and net farm income of the farmers were N71400/ha and N59400/ha respectively. Also, the fixed and operating ratios were estimated at 0.1 and 0.41 respectively, while the benefit- cost ratio was N1.98. The coefficient of multiple determination (R2) was 0.739, implying that about 74% of the variation in the output of groundnut was accounted for by the explanatory variable inputs in the regression model. The regression coefficients of Farm size(X1) and Credit(X6) were positive and statistically significant at (p< 0.01), labour (X2) and Agrochemical(X5) were also positive and statistically significant at (p< 0.1), while Fertilizer(X4) was also positive and statistically significant at (p<0.05). The major constraints associated with groundnut production in the study area include; inadequate capital (86%), high cost of production inputs (83%) and lack of access to agricultural credit (78%). The study recommended that if these constraints are adequately tackled the productivity and profitability of the groundnut farmers will significantly improve. Onuwa, C. G. | Department of Agricultural Extension and Management, Federal College of Forestry, Jos, Plateau state, Nigeria

Economic analysis of cassava production in Ogbia Local Government Area, Bayelsa State

2021 ◽  
Vol 1 (2) ◽  
pp. 001-008
Author(s):  
NC Morgan ◽  
DA Wasini ◽  
IE Larry
Keyword(s):  
Local Government ◽  
Technical Efficiency ◽  
Stochastic Frontier ◽  
Local Government Area ◽  
Production Model ◽  
Farm Size ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Cassava Production

The study was carried out to analyze “the Economics of cassava production in Ogbia Local Government Area of Bayelsa State, Nigeria”. The specific objectives of the study were to describe the socio-economic characteristics of cassava farmers; analyze costs and returns of producing cassava; determine technical efficiency; determine factors influencing technical efficiency of cassava farmers; and Identify constraints associated with cassava production in the study area. The sample of (94) cassava farmers was drawn from (10) communities in Ogbia and structured questionnaires were administered. Descriptive statistics, Translog Stochastic Frontier Production Model (SFPM) and budgetary model were used to analyze the data. Female (87.23%) dominated cassava production. 74% falls within the age of 21-50 years. Majority were married (65%) and 54.26% had a family size of 6-10. 52.13% of the respondents were basically farmers and all of them get there source of income for farming from personal savings and 72.34% used both family and hired labour in the production of cassava with 58.51% of them having farm size ≤0.5. The study further reveals that the gross margin was ₦521,313.50 and the profitability index was 64.07, while the rate of return on investment was 178.31, benefit-cost ratio of 2.8 proving the viability of cassava production in the study area. Lack of credit facilities, high spread of disease, lack of land were the major constraints faced by the farmers. Loans and grants should be made available to farmers either by government agencies or rather programs to fund cassava production should be created.

scholarly journals Profitability analysis of poultry egg production and marketing in Southern zone of Plateau State, Nigeria

2020 ◽  
Vol 45 (4) ◽  
Author(s):  
M. Y. Latu ◽  
D. P. Wumnokol ◽  
L. Y. Guluwa
Keyword(s):  
Egg Production ◽  
Primary Data ◽  
Cost Ratio ◽  
Urban Migration ◽  
Gross Margin ◽  
Gainful Employment ◽  
Southern Zone ◽  
Benefit Cost Ratio ◽  
Profitability Analysis ◽  
Plateau State

Data from a survey in Southern zone of Plateau State was used to assess profitability of egg production and marketing in five markets of Southern Plateau. Primary data was obtained by means of personal interview through the use of a well-structured questionnaire administered to 20 individuals in each of the five markets (Langtang market, Shendam (Nshar) market, Namu market, Garkawa market and Mabudi market). The socio-economic characteristic of the respondents shows that most of them were experienced in the business and were mostly females (96%). The estimated Gini coefficient was 0.81296 which implies that there is a high level of inequality in the production and sole revenue of the respondents. While the gross margin reveals that marketing of eggs in the study area is profitable with gross margin per seller as N12, 029.50 and the benefit cost ratio also reveals that egg marketing is viable in the study area as N10, 799.50 per seller. It is therefore recommended as a means of gainful employment and mitigation to urban migration.

scholarly journals Agro-economic analysis of tuberose cultivation in selected areas of Bangladesh

2012 ◽  
Vol 37 (3) ◽  
pp. 457-464 ◽  
Author(s):  
MA Haque ◽  
MA Monayem Miah ◽  
S Hossain ◽  
SM Sharifuzzaman
Keyword(s):  
Primary Data ◽  
Variable Cost ◽  
Cost Ratio ◽  
Gross Margin ◽  
Total Cost ◽  
Net Return ◽  
Full Cost ◽  
Benefit Cost Ratio ◽  
Human Labour ◽  
Benefit Cost

The study identified agronomic practices, analyzed relative profitability, and resource use efficiency of tuberose cultivation in Bangladesh during January 2010. Primary data were collected from 100 randomly selected farmers from Jessore and Chuadanga districts. The results revealed that the per hectare costs of tuberose cultivation were estimated at Tk. 2,00,761 and Tk. 1,29,283 over full cost and variable cost, respectively. The major share of total cost was for human labour (30%) followed by land use (23%), and fertilizer (17%). The total cost was 26% and 12% higher than its competitive crops banana and papaya, respectively. The yield of tuberose was 4,54,425 sticks per hectare. The gross margin and net return were Tk. 5,52,354 and Tk.4,80,876 per hectare, respectively. This net return was 65% higher than banana and 71% higher than papaya cultivation. The BCRs (benefit cost ratio) were 5.27 and 3.39 over variable cost and full cost basis, respectively. Production function revealed that human labour, seedling and irrigation had positive effect on tuberose cultivation. The lack of scientific knowledge, high yielding variety and efficient transport facility were reported to be major problems in tuberose cultivation. Bangladesh J. Agril. Res. 37(3): 457-464, September 2012 DOI: http://dx.doi.org/10.3329/bjar.v37i3.12123

scholarly journals Profitability of garlic (Allium sativum L.) cultivation in some selected areas of Bangladesh

2014 ◽  
Vol 38 (4) ◽  
pp. 589-598 ◽  
Author(s):  
MA Haque ◽  
MA Monayem Miah ◽  
MS Hossain ◽  
AN Luna ◽  
KS Rahman
Keyword(s):  
Market Price ◽  
Primary Data ◽  
Variable Cost ◽  
Cost Ratio ◽  
Gross Margin ◽  
Land Preparation ◽  
Benefit Cost Ratio ◽  
Net Returns ◽  
Human Labour ◽  
Increasing Demand

The current production of garlic can’t meet up the increasing demand of Bangladesh. Due to unknown reasons, the area and production of garlic have not been increased at desired level. Therefore, the study was conducted in Magura and Faridpur districts during 2008-2009 to analyze the relative profitability, input-output relationship, and constraints to garlic production. Primary data were collected from 100 randomly selected garlic farmers for the study. Per hectare costs of garlic cultivation were Tk. 65493 and Tk. 51747 on full cost and variable cost basis. The major share of total cost was human labour (30%) and seed (25%). The yield of garlic was 6.15 metric tons per hectare. The gross margin and net return were Tk. 70660 and Tk 56914 per hectare, respectively. The benefit cost ratio was 1.87. The net returns from garlic cultivation were 68%, 59%, and 0.64% higher than mustard, groundnut and cabbage cultivation. Cobb-Douglas production function revealed that human labour, land preparation cost, manure, TSP, irrigation and insecticide had positive effect on the yield of garlic. Non-availability of HYV garlic seed, lack of technical knowledge about improved cultivation practices of garlic, infestation of insects and diseases and low market price were the major problems for garlic cultivation. DOI: http://dx.doi.org/10.3329/bjar.v38i4.18944 Bangladesh J. Agril. Res. 38(4): 589-598, December 2013

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