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 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 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 Farmers Contribution to Agriculture in Rural Development of Fufore Local Government Area of Adamawa State, Nigeria

2020 ◽  
pp. 156-167
Author(s):  
M. R. Umar ◽  
I. J. Suleiman
Keyword(s):  
Local Government ◽  
Rural Development ◽  
Multiple Regression ◽  
Sampling Technique ◽  
Education Level ◽  
Local Government Area ◽  
Farm Size ◽  
Primary Data ◽  
Farm Income ◽  
Access To Credit

This study was carried out to access farmer’s contribution to Agriculture in Rural Development of Fufore LGA of Adamawa State, Nigeria. Seven wards within the LGA were selected (Ribadu, Gurin, Farang, Mayo-ine, Pariya, Karlahi and Yadim). Thirty (30) questionnaires were randomly distributed to the household in each ward selected through multi-state random sampling technique as primary data. A total of Two Hundred and Ten (210) farmers were selected for the study. Data were analyzed with the aid of descriptive statistics and multiple regression models. Results show that Age, Marital status, Farm size, Family size, Education level have percentage ranging from 10-28.6, 13.3-31, 4-69, 5.2-31 and 15.2-37.6% respectively while Primary occupation, Access to credit, Number of extension visit and farm income percentage values ranged from 3.8-43.9, 15.7-25.7, 5.7-53.4 and 8.1-35.7% respectively.  The result further shows that the majority of the respondents are still in their youthful stage and 31% of them were married. The study further reveals that 69% of the respondents cultivate on 1-5 hectares of land, the result of the multiple regression analysis indicates that farm size was negative and significant at 5% level; Education level has a positive coefficient and significant at 1% level while access to credit coefficient was positive and significant at 5% level. The findings of the regression equation determine the manner towards farmer’s contribution to agriculture in rural development and examine the constraints militating farmer’s contributions to agriculture in the study area. Cob-Douglas function with R­2 value of 0.813 was chosen as the lead equation. Low price of farm output poor extension visits, market distance, is some of the major problems affecting the contribution of agriculture to the development of the study area. It was therefore recommended that there is need to train and provide farming equipment’s, agricultural credit should also provide the needed environment to foster rural development facilities in Fufore Local Government Area of Adamawa State.

scholarly journals Costs and Returns Analysis of Maize Production in Lere Local Government Area of Kaduna State, Nigeria

2020 ◽  
pp. 45-54
Author(s):  
U. F. Yahaya ◽  
U. U. Emeghara ◽  
N. E. Onwuegbunam ◽  
R. Akanni- John ◽  
O. E. Olagunju ◽  
...  
Keyword(s):  
Local Government ◽  
Formal Education ◽  
Sampling Procedure ◽  
Local Government Area ◽  
Farm Income ◽  
Cost Ratio ◽  
Maize Production ◽  
Benefit Cost Ratio ◽  
Pests And Diseases ◽  
Farm Inputs

This study was carried out to estimate costs and returns associated with maize production in Lere local government area of Kaduna state. Data were collected from a sample of 100 maize farmers selected through multi-stage sampling procedure using questionnaire and data collected were analyzed using simple descriptive statistics and net farm income analysis. The result showed that 82% were in their working age of between 21-50 years, majority of the farmers 53% were married, 91% had formal education, in terms of farming experience, majority (68%) of the respondent had farming experience that is above one year. The result revealed that maize farming is profitable investment in the study area with a total return of N 194,545.00 and net farm income of N 81,275.00 per hectare with a benefit cost ratio of 1.72 and a return on capital invested of 0.42. All the farmers identified maize as an important source of food to households in the study area. However maize farming is facing several constraints such as lack of capital (73%), high cost of farm inputs (69%), lack of credit facilities (67%), inadequate storage facilities (53%), inadequate processing facilities (50%), incidence of pests and diseases infestation (46%), poor road network (40%) and poor extension services (33%). Therefore, it is recommended that credit facilities    should be provided so that farmers can have fund to purchase farm inputs such as fertilizer, pesticides and insecticides and be able to employ adequate labour, storage and processing facilities such as silo and shelling machine should be made available to farmers at subsidized and affordable price as a form of government intervention, adequate workshops and seminars especially on training farmers on  methods of weed and pests control should be organized by extension agents and farmers should  be encouraged to form themselves into cooperative groups so that they can pool their resources together in getting adequate funds to finance maize production activities.

scholarly journals Economics of pineapple production in Awgu Local Government Area of Enugu State, Nigeria

2020 ◽  
Vol 8 (11) ◽  
pp. 245-252
Author(s):  
David Okechukwu Enibe ◽  
◽  
Chinecherem Joan Raphael ◽  
Keyword(s):  
Local Government ◽  
Scale Up ◽  
Sampling Technique ◽  
Local Government Area ◽  
Farm Size ◽  
Primary Data ◽  
Farm Income ◽  
Access Road ◽  
Enugu State ◽  
New Farmers

The study analyzed the economics of pineapple production in Awgu Local Government Area (LGA) of Enugu State, Nigeria. Data for the study were collected from 50 respondents from Amoli and Ihe communities of the LGA through a simple random sampling technique. The communities were purposively selected because they contain higher concentration of pineapple farmers. Primary data were collected using interview schedule administered to the respondents. Data were realized with descriptive statistics, enterprise budgeting techniques and multiple regression analysis. The study revealed that (36%) of the farmers had farming experience of 1 to 10 years’ experience in pineapple production, indicating that new farmers entered the crop’s production sector within the last decade. The enterprise proved profitable with farmers’ net return on investment value of 1.7. Farm size, cost of input, level of education and household size significantly determined net farm income. It was further revealed that poor access road and high transportation cost were the main constraints of the pineapple producers. The study concluded that profitable production opportunities exist on the crop. The study recommends that extension agencies should encourage more new farmers to exploit pineapple production potentials while encouraging its existing farmers to scale up production through farm size increment, reinvestment of their gains and production knowledge increase.

Profitability analysis and technical efficiency of Sasakawa global 2000 maize technology in Lere Agricultural Zone, Kaduna state, Nigeria

2020 ◽  
Vol 18 (1) ◽  
pp. 20-30
Author(s):  
A.M. Durba ◽  
A. Adewumi ◽  
U. Musa
Keyword(s):  
Technical Efficiency ◽  
Stochastic Frontier ◽  
Sampling Technique ◽  
Efficiency Score ◽  
Farm Size ◽  
Farm Income ◽  
Gross Margin ◽  
Access To Credit ◽  
Profitability Analysis ◽  
The Mean

The study determined the profitability and technical efficiency of Sasakawa Global (SG-2000) maize technology in Lere Agricultural Zone, Kaduna State, Nigeria. A total of 146 respondents were selected through a multi-stage sampling technique. Data were collected through structured questionnaire administered to the sampled respondents and complemented with interview schedule. Analysis of the data collected was done using descriptive statistics, farm budgeting technique and stochastic frontier function. Results showed that the mean age of SG-2000 adopters was 45years old, 73% of them were males and 81% were married. The mean farming experience of the adopters was 15 years, household size of 8 persons and farm size of 2.26ha respectively. Also, majority of the farmers were members of farmers’ cooperative society and had access to extension services. The farm budgeting technique revealed maize production was profitable in the area with gross margin and net farm income of ₦99,407.76/ha and ₦96,700.80/ha respectively. The maize farmers were not technically efficient with a mean efficiency score of 0.8181. The farm size at p<0.10, seed at p<0.01, fertilizer at p<0.01, capital input at p<0.01 probability levels respectively were efficiency factors, while the sex of farmer at p<0.10, marital status at p<0.10, farming experience at p<0.05 and access to credit at p<0.01 probability levels respectively were the inefficiency factors. It is recommended that other farmers in the study area should adopt the SG-2000 maize technology to improve their level of profitability and technical efficiency. Keywords: Profitability, Technical efficiency, SG-2000 maize technology, Farmers and Kaduna State

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

scholarly journals Tribal womens involvement with pig farming in Bangladesh: an evidence of Moulvibazar district

2018 ◽  
Vol 16 (1) ◽  
pp. 115-127
Author(s):  
R Khanum ◽  
MSA Mahadi ◽  
MS Islam
Keyword(s):  
Low Income ◽  
Farm Size ◽  
Primary Data ◽  
Farm Income ◽  
Cost Ratio ◽  
Gross Margin ◽  
Factors Affecting ◽  
Model Average ◽  
Pig Farming ◽  
Benefit Cost

The study examined the profitability and factors affecting farm income from pig farming in Moulvibazar district of Bangladesh. A multistage sampling technique was followed to select 70tribal women entrepreneurs involved with pig farming. Primary data were collected through structured questionnaire and analyzed using descriptive statistics, independent sample t-test, benefit-cost analysis, and linear regression model. Average age of pig entrepreneurs was 39.47 years which indicates that they are young and agile. About 71% of Garo entrepreneurs had experience for pig farming. The cost and return analysis showed that in one year, the gross margin was Tk. 56743.70, while the benefit-cost ratio (BCR) was 1.19 indicating that the enterprise is profitable. Regression analysis revealed that three variables namely farm size, age of the respondent and experience of pig farming are significant factors affecting farm income. Thus, it was recommended that tribal women should be encouraged to practice pig farming to overcome their low income and unemployment situation.SAARC J. Agri., 16(1): 115-127 (2018)

Analysis of whole and filleted stockfish (Gadusmorhua) marketing IN Ebonyi Rural Areas

2020 ◽  
Vol 35 (1) ◽  
pp. 103-110
Author(s):  
M.O. Nwabunike ◽  
G.V.C. Igwe ◽  
I.K. Agama ◽  
C.E. Esheya
Keyword(s):  
Rural Communities ◽  
Rural Areas ◽  
Sampling Technique ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Comparative Cost ◽  
Multi Stage ◽  
Broad Objective ◽  
Benefit Cost

The study was conducted with the broad objective of analyzing the profitability of marketing different forms (whole and filleted) of stock fish in Ebonyi rural markets. A total of 80 stock fish sellers were carefully selected through an unbiased (multi-stage and random) sampling technique. The data collected were analyzed using simple frequency and percentages as well as gross margin and comparative cost ratio. The result showed that 92.5% of the stockfish sellers were females and married with mean age of 38 years, mean household size of 9 persons and mean year of experience of 14. It was further observed that between the two forms of stock fish marketed in Ebonyi rural communities, filleted type was more profitable having a profit of N669,000 and benefit cost ratio (BCR) of N1: 2.352 as against that of whole form with a profit of N286,000 and BCR of N1: 1.685. The results of the study implied that it is advisable to market stock fish in the filleted form rather than selling it whole. Keywords: Stock fish, gross margin, marketing, profitability, Ebonyi Rural Area

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