Economic Analysis of Costs and Returns of Vitamin A Cassava Production in Anambra State, Nigeria, West Africa
| Main Authors: | Umebali, E.E, Nkamigbo, D.C, Ekpunobi, C.E, Isibor, A.C. |
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| Format: | Article Journal |
| Bahasa: | eng |
| Terbitan: |
, 2021
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/5336039 |
Daftar Isi:
- Abstract— The study investigated the costs and returns of vitamin A cassava production in Anambra State, Nigeria. Multi-stage and simple random techniques were adopted in selecting one hundred and thirty eight respondents for the study. Data were collected using well structured questionnaire and analysed using descriptive statistics, multiple regression, budgetary technique and benefit cost ratio. The specific objectives were to ascertain costs and returns on vitamin A cassava based production; ascertain influence production costs have on the financial value of the crop’s output and to identify the constraints to production of the crop. Findings on costs and returns showed that gross margin, net farm income and net return on investment were ₦41,128.00, ₦41,097.00 and 1.6 respectively. This implies that for every 100 kobo invested in the production, 160% was gained. The result of Benefit Cost Ratio is an indicator that the venture is a profitable business. The findings also revealed that out of the five predictors included in the model, three namely cost of planting material, cost of labour and cost of renting land statistically and significantly influenced production returns earned by the farmers. High cost of labour, poor access to yellow stem, poor access to capital, poor pricing of yellow cassava tubers and poor transportation infrastructure were perceived as the most serious constraints encountered by vitamin A cassava production. Farmers should be encourage to form cooperative in order to enable them access or purchase tractors which should be made available and affordable to farmers to ease the cost of labour, government and other stakeholders should be encourage to multiply vitamin A cassava stems and investors should be encouraged to set up industries that would enter into contracts with vitamin A cassava farmers in the State in order to buy off their produce and process them into value added products were recommended.