ORHIONMWON

PROFITABILITY ANALYSIS OF CASSAVA PRODUCTION IN ORHIONMWON LOCAL GOVERNMENT AREA OF EDO STATE, NIGERIA

Year of Publication
Publication Type
Abstract
This study analyzed the profitability of cassava production in Orhionmwon Local Government Area of Edo State, Nigeria. The research specifically examined the socio– economic characteristics of cassava farmers, estimated production costs and returns, identified factors influencing profitability, and documented constraints faced by producers. A two – stage sampling technique was employed to select 100 cassava farmers from five major farming communities in the local government area. Primary data were collected using structured questionnaires and analyzed using descriptive statistics, budgetary analysis, and multiple linear regression. Findings revealed that cassava production in the area is dominated by small – scale farmers with a mean age of 42 years, average farm size of 1.3 hectares, and relatively high educational attainment. Budgetary analysis showed the enterprise to be profitable with a gross margin of ₦107,929.46 and net profit of ₦67,054.70 per farmer per production cycle, yielding a net profit margin of 25.4%. Regression results identified farm size, yield and fertilizer cost as significant positive determinants of profitability
Supervisor(s)
co-supervisor