Akerele EO, Idowu AO, Oyebanjo O, Ologbon OAC and Oluwasanya OP
Department of Agricultural Economics and Farm Management, College of Agricultural Sciences, Olabisi Onabanjo University, Yewa Campus, Ayetoro, Ogun State, Nigeria
*Corresponding Author: Akerele EO, Department of Agricultural Economics and Farm Management, College of Agricultural Sciences,Olabisi Onabanjo University, Yewa Campus, Ayetoro, Ogun State, Nigeria.
Received: May 17, 2018; Published: July 10, 2018
Citation: Akerele EO., et al. “Economic Analysis of Cassava Production in Ogun State, Nigeria ". Acta Scientific Agriculture 2.8 (2018).
The study was carried out in Yewa North Local Government Area of Ogun State, Nigeria. It analyzed the economics of cassava production in the study area. The required data for this study were obtained through the use of well-structured questionnaire that was administered to the farmers and the questionnaire is a total of ninety-eight respondents. The study discovered that majority of the farmers (34.7%) are between 41 - 50 years of age, 64.3% of the farmers are Christians, 46.9% of the respondents in the study area are married with responsibilities to their families, 44.9% of the respondents had secondary school education, 48% of the respondents had household size between 6 - 10 persons, 61.2% of the respondents are Muslim, 93,9% of the respondents are solely farmers. Stochastic frontier efficiency model was employed to estimate the level of efficiency among the cassava farmers. The results revealed that the slope co-efficient of the stochastic technical function frontier are statistically significant at 1%, 10% and 5% respectively. Cassava production was technically efficient as the level of technical efficiency among them, ranged between 17% and 99% with a mean technical efficiency 36%. This study reveals that the output was higher in farms operated by male farmers compared to their female counterparts. The budgetary analysis revealed gross margin of N143,670 and a net income of N137,793.23. The profitability index, rate of return on investment are as follow: 0.6627 and 357.867 respectively. The study also revealed that cassava farming is generally profitable irrespective of the size of the farms, but sex of the farmer, household size, level of education all have significant positive effect on the output of the farmers. It is therefore, recommended that government should ensure that enough credit institutions which are well-equipped and are motivated to support the small-scale farmers by making credits easily and readily available to them.
Keywords: Credit; Cooperative; Cassava; Profitability; Production
Copyright: © 2018 Akerele EO., et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.