Economic Analysis of Cassava Production: Prospects and Challenges in Irepodun Local Government Area, Kwara State, Nigeria
Autor: | M. J. Madaki, G. Udoh, S. O. Sanusi, Israel Ajibade Adedeji, Z. Y. Abdullahi |
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Rok vydání: | 2020 |
Předmět: |
Profit (accounting)
Descriptive statistics Regression analysis 030206 dentistry 04 agricultural and veterinary sciences 040401 food science Gross margin economic analysis cassava production gross margin regression model 03 medical and health sciences Agricultural science 0404 agricultural biotechnology 0302 clinical medicine Production (economics) Profitability index Business ekonomska analiza proizvodnja manioke bruto marža regresijski model Hectare Local government area |
Zdroj: | Agroeconomia Croatica Volume 10 Issue 1 |
ISSN: | 2756-6773 1333-2422 1849-1146 |
DOI: | 10.37121/ijesr.vol1.138 |
Popis: | The study was carried out to analyse cassava production, prospects and challenges in Irepodun Local Government Area, Kwara State, Nigeria. It aimed to examine the determinant variables and determine the profitability level of cassava enterprises. The study was based on primary data obtained with the aid of structured questionnaire from 100 cassava farmers drawn through multi-stage sampling techniques from the study area. Data were analysed using descriptive statistics, OLS regression model and gross margin analysis. The result of the OLS regression estimates revealed that farm size, cost of fertilizer application, herbicides, family and hired labour were significant variable affecting cassava production in the study area. The study found that the average gross margin per hectare for cassava production in the study area was ₦24,749.28, that is, €55.37 with a gross benefit ratio of 1.4. This shows that for every ₦1 invested in the business of cassava production, there is a corresponding profit of ₦1.4 kobo. The major challenges identified in cassava enterprise are huge transportation cost, lack of improved cassava cultivars, and lack of market linkages. The study concluded despite the problem encountered in the study area, cassava production is profitable and can serve as a panacea for economic improvement of households. Therefore, the study recommends that basic inputs such as improved cassava varieties and fertilizer should be made available at affordable price. Also, infrastructural facilities such as good road network and improve marketing channels should be provided in order to sustain current cassava production rate and economic gains from the production. Studija je provedena u svrhu analize perspektive i izazova u proizvodnje manioke u Irepodun Local Government Area, Kwara State, u Nigeriji. Cilj je bio istražiti determinantne varijable te utvrditi razinu profitabilnosti proizvođača manioke. Studija se temeljila na primarnim podacima, dobivenim uz pomoć strukturiranog upitnika od 100 uzgajivača manioke, povučenih iz više-fazne tehnike uzorkovanja na području proučavanja. Podaci su analizirani korištenjem deskriptivne statistike, OLS modela regresije i analize bruto marže. Rezultati procjene OLS regresije otkrili su da su veličina farme,, trošak upotrebe gnojiva, herbicida, obiteljskog i plaćenog rada značajne varijable koje utječu na proizvodnju manioke na području proučavanja. Studija je pronašla da je prosječna bruto marža po hektaru za proizvodnju manioke bila ₦24,749.28, to jest, €55.37 s bruto omjerom koristi od 1.4. To pokazuje da za svaki ₦1 investiran u djelatnost proizvodnje manioke, postoji prateći profit od ₦1.4 kobo. Glavni izazovi u djelatnosti proizvodnje manioke su veliki troškovi prijevoza, nedostatak poboljšanih sorti manioke te nedostatak tržišnih poveznica. Studija je zaključila da je, unatoč problemu koji se susreće na području proučavanja, proizvodnja manioke profitabilna i može poslužiti kao sredstvo za ekonomsko poboljšanje domaćinstava. Stoga studija preporuča da bi trebali biti dostupni inputi sredstva kao što poboljšane sorte manioke i gnojiva, po pristupačnim cijenama. Također, trebale bi biti dostupne infrastrukturne pogodnosti kao što su dobra cestovna mreža i poboljšani tržišni kanali kako bi se održala trenutna razina proizvodnje manioke i ekonomske dobiti od te proizvodnje. |
Databáze: | OpenAIRE |
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