ECONOMIC ANALYSIS OF SUYA PRODUCTION IN BENIN CITY, EDO STATE, NIGERIA

2016 ◽  
Vol 15 (1) ◽  
pp. 15-24
Author(s):  
J. AHMADU ◽  
M. O.A. ADUWA
Keyword(s):  
Economic Analysis ◽  
Capital Investment ◽  
Sampling Technique ◽  
Small Scale ◽  
Gross Margin ◽  
Benin City ◽  
Net Profit ◽  
Edo State ◽  
Gross Income ◽  
The Relationship

The study focused on economic analysis of suya production in Benin City, Edo State of Nigeria. Its specific objectives were to examine the socio-economic characteristics of suya producers, estimate the costs and returns of suya production, examine the relationship between gross income of suya production and the inputs affecting it, and identify the constraints limiting suya production. A total of 33 suya producers identified in the study area using snowballing sampling technique were used for the study. A structured questionnaire was used to elicit information from the respondents. Data analysis was done using descriptive statistics, budgeting and multiple regression analyses. The results showed that suya production in the study area was on a small-scale level with initial average capital investment of about N9,809.00. However, the suya production was profitable with gross margin and net profit of N 518.00 and N 508.00 per kilogramme (Kg) of meat respectively. Every naira invested in the business yielded a net return of 58k. The regression results showed that about 71% of the variation in the gross income from Suya production was significantly (p < 0.01) influenced by the costs of meat, charcoal and labour. Costs of meat and charcoal positively influenced the gross income while labour cost affected it negatively. Major problems identified to militate against suya production were high cost of input (91%), lack of credit facility (82%), inadequate capital (70%) and disruption of the business by frequent heavy rainfall (61%). In view of the profitability of suya production, entrepreneurs were encouraged to invest in it.ª¤?

scholarly journals ECONOMIC ANALYSIS AND PATTERN OF AGROCHEMICALS USE AMONG SMALLHOLDER CROP FARMERS IN EDU LOCAL GOVERNMENT AREA OF KWARA STATE

2019 ◽  
Vol 52 (2) ◽  
Author(s):  
Adedeji Sharafadeen Olayinka ◽  
Alimi Folorunsho Lawal ◽  
Madu Ali Bwala ◽  
Umaru Habiba Mohammed ◽  
Ajao Ibrahim Sulaiman
Keyword(s):  
Local Government ◽  
Economic Analysis ◽  
Sampling Technique ◽  
Local Government Area ◽  
Descriptive Statistics ◽  
Small Scale ◽  
Gross Margin ◽  
Safety Measures ◽  
Before And After ◽  
Crop Farmer

This study addresses the economic analysis and pattern of agrochemicals use among smallholder crop farmers in Edu Local Government Area of Kwara State, Nigeria. A multistage random sampling technique was used to select 144 small-scale crop farmers interviewed for the study. Descriptive statistics and farm budgeting techniques were used for data analysis. The result shows that a typical small-scale crop farmer in the study area is, on average, a 31-year-oldmale with 11 to 20 years of farming experience. These groups of farmers also cultivate 0.78 hectares and have a household size of 8. Herbicides are the predominant agrochemical used during the survey; it was mostly applied both before and after crop emergence. Usually, pesticides were applied without following safety instructions. Users of agrochemicals obtained a total gross margin of USD 1,469.95 per hectare with a profitability ratio of 1.22 which indicates that farming is a profitable business in the study area. The study recommends to increase awareness on farmer safety measures when handlingagrochemicals; and to establish educational programs that will educate farmers on how to safely use agrochemicals.

scholarly journals Profitability of Small Scale Vegetable Production in Southern District, Botswana

2017 ◽  
Vol 5 (1) ◽  
pp. 35
Author(s):  
Sekgopa T. Kealeboga ◽  
Lagat K. Job ◽  
Tselaesele M. Nelson
Keyword(s):  
Rural Households ◽  
Sampling Technique ◽  
Small Scale ◽  
Vegetable Production ◽  
Eradication Programme ◽  
Gross Margin ◽  
Production Program ◽  
Extreme Poverty ◽  
Pests And Diseases ◽  
Multi Stage

Government determination to eradicate extreme poverty and food insecurity among Batswana through small scale vegetable production program appears not to transform their economic stance. Rural households that are part of Poverty Eradication Programme were investigated to determine if backyard gardens were profitable enough to improve incomes, reduce extreme poverty, and increase food security. The study aimed at analysing profitability and identifying factors that affect profitability of backyard gardening. Multi-stage sampling technique was used to collect data from 100 rural households who are part of the backyard garden scheme. Data was analysed using descriptive statistics, gross margin analysis and regression analysis. Results indicated that backyard gardening was a viable activity though profitability was affected by amount of fertilizer applied, market availability and area planted. Beneficiaries indicated that the production and marketing constraints they faced included pests and diseases, lack of water, lack of market and poor prices. Program leaders must recognize the production and marketing constraints themselves as well as plan for the possibility that continual financial support for investment in the initial years of operation.

scholarly journals Socio-economic characteristics of registered cocoa farmers in Edo State, Nigeria

2016 ◽  
Vol 20 (2) ◽  
pp. 261-266
Author(s):  
C.O. Osarenren ◽  
J.O. Ejuetueyin ◽  
K.I. Eweka
Keyword(s):  
Large Scale ◽  
Formal Education ◽  
Sampling Technique ◽  
Primary Data ◽  
Farm Income ◽  
Cost Ratio ◽  
Gross Margin ◽  
Cocoa Production ◽  
Edo State ◽  
Cocoa Farmers

This study examined the socio-economic characteristics of registered cocoa farmers in Edo State; Nigeria. Primary data was collected using a well structured questionnaire administered to 180 registered cocoa farmers selected using a multi-stage sampling technique. Data were analyzed using descriptive statistics and budgetary technique. Results showed that 88.9% of cocoa farmers were male with a mean range of 46 years with 75% being married and 88.8% having formal education. The budgetary technique was used to determine the profitability of cocoa production, which was found to be profitable in the study area at a gross margin of N66, 350, Net Farm Income of N59, 200, and net return on investment of N 1.11.The Benefit Cost Ratio and Expense Structure Ratio of 2.11 and 0.12 respectively indicated that cocoa production was economically profitable and viable since the BCR is greater than 1 and the Gross Ratio (GR) of cocoa production is 0.47. From these profitability ratios, it shows that cocoa production is a profitable business in the study area. Inadequate finance to operate on large scale was found to be the major constraint to the cocoa farmers in the study area. The study concludes that cocoa production is profitable and was recommended that production could be improved and sustained through provision of soft loans to the farmers.Keywords: socio-economics, characteristics, registered cocoa farmers

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 ECONOMIC ANALYSIS OF MAIZE GROWN UNDER INCREASING NITROGEN DOSES IN SUCCESSION TO INTERCROPPED PASTURES

2020 ◽  
Vol 19 ◽  
pp. 15
Author(s):  
DANIEL AUGUSTO BARRETA ◽  
DILMAR BARETTA ◽  
FLÁVIO JOSÉ SIMIONI ◽  
LUIZ ALBERTO NOTTAR
Keyword(s):  
Economic Analysis ◽  
Production Systems ◽  
Block Design ◽  
Red Clover ◽  
Cold Season ◽  
Gross Margin ◽  
Randomized Block Design ◽  
Matter Production ◽  
Gross Income ◽  
N Treatment

The aim of this work was to carry out an economic analysis of production systems with the use of cold season pastures followed by maize cultivation with surface application of increasing doses of nitrogen fertilizer. The treatments were: black oat + 200 kg of N ha-1 (Bo+N); black oat + white clover (Bo+Wc); black oat + vetch (Bo+Ve); black oat + red clover (Bo+Rc); and black oat + forage peanut (Bo+Fp). Experimental randomized block design was used, with four replications. The forage species were evaluated as to dry matter production, chemical-bromatological composition, estimated milk production (kg ha-1) and gross income (R$ ha-1). Maize was cultivated in succession, with doses of 0, 100 and 200 kg of N ha-1, in a split-plot design. Among the profitability indices evaluated, the gross margin (R$ ha-1) stands outs. The data were submitted to analysis of variance and the means were compared through Tukey's test at 5% probability. In the pasture phase, the Bo+N treatment presented higher gross income. In the cropping phase, the gross margin was higher in the Bo+Ve treatment, but it did not differ from the Bo+N treatment. In terms of system, the best economic result was obtained with the Bo+N treatment.

scholarly journals Estimating Opportunity Cost as A Tool to Evaluate Water Loss Management of Non-Revenue Water at PDAM Tirta Khatulistiwa

2021 ◽  
Vol 930 (1) ◽  
pp. 012008
Author(s):  
D P Indah ◽  
A P Karpriana
Keyword(s):  
Water Loss ◽  
Opportunity Cost ◽  
Capital Investment ◽  
Cost Calculation ◽  
Gross Margin ◽  
Net Profit ◽  
Reduction Program ◽  
Non Revenue Water ◽  
High Level ◽  
Water Loss Management

Abstract Water loss or Non-Revenue Water (NRW) is a national problem PDAMs, including PDAM Tirta Khatulistiwa. In fact, with a high level of water loss, there is a significant potential loss of income. This study aims to implement opportunity cost calculation as a managerial tool for PDAM Tirta Khatulistiwa in making investment decisions to improve water loss management. This research was conducted by collecting information from financial, managerial, and local government equity participation reports. Then the data reduction is carried out and calculated based on the gross margin, net profit margin, and the opportunity cost. This study indicates that the capital investment provided by the Pontianak City’s government has increased, followed by an increase in the number of consumers. However, it was not followed by an increase in the company’s profit. This is due to the opportunity cost or lost income during the business process amounting to Rp31,218,673,384.64 in 2019 with a potential income to Rp222,663,258,365.00 if it manages to suppress distribution leakage to the level of 20%. This potential income is worthy of consideration for PDAM Tirta Khatulistiwa to start water loss management in the NRW reduction program.

scholarly journals Comparative Economic Analysis of Soil Fertility Management on Cassava Based Intercropping Systems in Oredo Local Government Area of Edo State, Nigeria

2019 ◽  
pp. 1-6
Author(s):  
P. C. Uke ◽  
C. D. Ochiaka ◽  
G. C. Okechukwu
Keyword(s):  
Local Government ◽  
Economic Analysis ◽  
Soil Fertility ◽  
Organic Fertilizer ◽  
Inorganic Fertilizer ◽  
Soil Fertility Management ◽  
Gross Margin ◽  
Management Options ◽  
Fertility Management ◽  
Edo State

The study was carried out in Oredo Local Government Area of Edo State, Nigeria. The broad objective was to determine the comparative economic analysis of soil fertility management options on cassava based cropping/intercropping systems. Data were obtained from both primary and secondary sources, primarily data was obtained through questionnaire distributed to eighty (80) randomly sampled farmers from the study area. Economic analysis was carried out using statistical tools such as descriptive statistics which included frequency tables, percentages, means, pie charts, bar column chart etc. which was used to determine the cost and returns of both soil fertility management options. It was also necessary to test the hypothesis of the study which was tested using the Z-Test analysis due to the sample size. The result showed that higher profit was obtained from inorganic fertilizer by those farmers that made use of them in which they had a gross margin (profit) of N118, 400 when compared to those farmers that made use of organic fertilizer, having a gross margin of N60, 900. However, the result from the gross margin analysis as well as the hypothesis of the study shows that the farmers stand to gain more if they use either of the soil fertility management options on their farms. Also, considering the problem of scarcity and effect often associated with inorganic fertilizer, the choice of organic fertilizer is more likely to be accepted by the farmers. Possible recommendations were also made in the course of the study which includes, transformation of farming practices through technology that would stabilize yield and reduce unpredictable variations, farmers should be encouraged to use either of the soil fertility management options to increase their yield. Organic fertilizer should be made affordable to farmer and inorganic fertilizer should be made accessible.

scholarly journals Performance Analysis of Small Scale Sweet Potato Farms in Oyo State, Nigeria

2016 ◽  
Vol 49 (1-4) ◽  
pp. 38-44
Author(s):  
Olayinka Isiaka Baruwa
Keyword(s):  
Sweet Potato ◽  
Stochastic Frontier ◽  
Sampling Technique ◽  
Potato Production ◽  
Farm Size ◽  
Small Scale ◽  
Full Time ◽  
Stochastic Production Frontier ◽  
Gross Margin ◽  
Frontier Analysis

AbstractThis study carried out an analysis of the performance of sweet potato production among small holder farmers in Oyo State of Nigeria. A combination of purposive and a two-stage random sampling technique were used to obtain information from 65 respondents. Data collected were analyzed using descriptive statistics, stochastic frontier functions and budgetary technique. Results indicated that majority of the farmers were literate, aged 43.3 years on the average, full time in sweet potato production and with mean farm size of 1.0 hectare. The gross margin and net profit were ₦76, 884.8 and ₦67,292.8, respectively (₦, naira Nigerian Currency, ₦160 = 1$US) indicating that sweet potato production was profitable. The return to scale (RTS) for the production function revealed that farmers operated in the irrational zone (stage I) of the production surface. The stochastic production frontier analysis revealed that the technical efficiencies of farmers was found to be fairly high with a mean of 0.92% which suggest that the average sweet potato output falls 0.08% short of the maximum possible level but the efficiency can be increased by better use of available resources.

Assessment of the levels of demand and consumer preferences for differently processed fish in Abakaliki Metropolis

2020 ◽  
Vol 34 (1) ◽  
pp. 15-21
Author(s):  
M.O. Nwabunike ◽  
V. Okuwe ◽  
G.V.C. Igwe
Keyword(s):  
Consumer Preferences ◽  
Sampling Technique ◽  
Gross Margin ◽  
Interview Schedule ◽  
Fish Products ◽  
Age Range ◽  
Demand Preference ◽  
The Relationship ◽  
Margin Analysis ◽  
Fish Marketing

The study assessed the relationship between demand and consumer preferences for differently processed (dried and iced) fish products in Abakaliki metropolis. Purposive random sampling technique was used to select the respondents (60 consumers and 20 marketers) who through questionnaire and interview schedule supplied the data used for the study. The data collected were analysed using both descriptive and inferential statistics in the forms of frequency and percentages. Economic benefit was assessed using gross margin analysis. The results obtained showed that most of the consumers (56.67%) and marketers (65%) of fish products were married females who were within the age range of 35 and 38 years. Mean household size was 7 and 6 persons for consumers and marketers respectively while mean annual income was N105,080 and N183,000 respectively. Results of economic analysis showed that marketers who sold mangala (Bangi mangala) fish in dried form made a gross margin of N1,649,580 while those who sold in iced form made a gross margin of N505,830. In conclusion, selling fish in dried form was more profitable given a net return of N3.631 to every N1 invested as against N1.810 gotten for iced fish marketing. The recommendation was that mangala fish should be processed and sold in dried form to enhance profitability. Keywords: Assessment, fish, demand, preference, Abakaliki metropolis

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

Sign in / Sign up

Export Citation Format

Share Document