Economic assessment of yam production in Kabba- Bunu Local Government Area of Kogi State, Nigeria
Author(s) -
Ibitoye Ibitoye
Publication year - 2013
Publication title -
journal of development and agricultural economics
Language(s) - English
Resource type - Journals
ISSN - 2006-9774
DOI - 10.5897/jdae2013.0484
Subject(s) - local government area , gross margin , descriptive statistics , profit margin , agricultural science , socioeconomic status , production (economics) , agricultural economics , profit (economics) , farm income , regression analysis , agriculture , socioeconomics , local government , geography , economics , business , mathematics , marketing , statistics , sociology , demography , population , environmental science , archaeology , macroeconomics , microeconomics
This study examined the economic assessment of yam production in Kabba- Bunu Local Government Area of Kogi State, Nigeria. Data used for the study were obtained using structured questionnaire. The questionnaire was administered to 150 randomly selected yam farmers in the area. Descriptive statistics, multiple regression and gross margin (GM) analysis were used to analyze the data. The regression result showed that, farm income (2.778), age (1.820) and education level (2.334) have significant effects on yam output in the area. The GM analysis also revealed that, yam production is profitable in the study area with an average profit of N 121,200 ha-1. It was therefore recommended that, farm inputs be made available to farmers at subsidized prices as a way of improving income from yam production. Key words: Yield, profit, farmers, variables and socioeconomic.
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