ASSESSING RESOURCE USE EFFICIENCY AND INVESTMENT IN COCOA ENTERPRISE: A CASE OF OSUN STATE, NIGERIA

Autor: Remi ADEYEMO, Ayodeji D. KEHINDE, Lawrence O. OYENPEMI
Jazyk: angličtina
Rok vydání: 2020
Předmět:
Zdroj: Agricultura, Vol 113, Iss 1-2 (2020)
Druh dokumentu: article
ISSN: 1221-5317
DOI: 10.15835/agrisp.v113i1-2.13679
Popis: This study determined resource use efficiency and investment in cocoa production in Osun state, Nigeria. Specifically, described the socioeconomic characteristics of cocoa farmers; determined the factors affecting cocoa production; determined the resource use efficiency in cocoa production; and estimated profitability of investment in cocoa production in the study area. The study was conducted in Osun state, south-western Nigeria. A multi-stage sampling procedure was used for selecting respondents for this study. A total number of 120 households were selected for the study. Data were analyzed using Descriptive statistics, Multiple Regression, Marginal value and budgetary analysis. The results for the entire respondents showed average values of 52 years for age, 26years for year of experience, 9 for household size, and 3.85 for farm size. Returns to scale (RTS) was 1.599. Years spent in formal education (p
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