Economic Efficiency of Cocoa Production in Gashaka Local Government Area, Taraba State, Nigeria
Mediterranean Journal of Social Sciences
View Archive InfoField | Value | |
Title |
Economic Efficiency of Cocoa Production in Gashaka Local Government Area, Taraba State, Nigeria
|
|
Creator |
Taphee, B. G.
Musa, Y. H. Vosanka, I. P. |
|
Description |
The study was carried out to analyze the Economic Efficiency of Cocoa Production in Gashaka Local Government Area of Taraba State, Nigeria. Data for the study were collected from 80 respondents in 2012 using multi-stage sampling techniques and were analyzed using budgeting technique and profit function. The gross income per hectare was estimated to be ₦53, 250.00 while the total production cost per hectare was estimated to be ₦116, 470.00, giving a gross margin per hectare of ₦64, 005.00. The net farm income was estimated to be ₦35, 780.00. Purchasing costs accounted for 72.9% of the total production cost with an average cost of ₦851/kg. The Rate of Returns on Investment (RRI) was ₦0.75. Profit function result revealed that, labour cost and herbicide have negative relationship with the estimated profit, while cost of cocoa seed and fertilizer were found to be inversely related to profit. Major production constraints associated with cocoa production identified were inadequate support on research (20%), inadequate farm tools (19%) inadequate credit (17%) and lack of storage facilities (16%). The study recommended among others that strengthening of extension services and subsidization of farm inputs could improve farmers’ profit margin in cocoa production. DOI: 10.5901/mjss.2015.v6n1s1p570 |
|
Publisher |
Mediterranean Journal of Social Sciences
|
|
Contributor |
—
|
|
Date |
2015-01-08
|
|
Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
|
Format |
application/pdf
|
|
Identifier |
https://www.mcser.org/journal/index.php/mjss/article/view/5575
|
|
Source |
Mediterranean Journal of Social Sciences; Vol 6, No 1 S1 (2015): January 2015; 570
|
|
Language |
eng
|
|
Relation |
https://www.mcser.org/journal/index.php/mjss/article/view/5575/5378
|
|
Rights |
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published in MCSER journal are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author. |
|