Economic Appraisal of Inert Atmosphere Silo for Wheat Storage

Oyebamiji I.t, Olatilewa M.o, Adetayo S.a and Oyewole S.n

No 288335, 2017 Annual NAAE Conference, October 16-19, Abeokuta, Nigeria from Nigerian Association of Agricultural Economists

Abstract: The study evaluated the economic appraisal of inert atmosphere silo used for wheat storage in Ilorin. NSPRI has developed inert atmosphere silo for storage of grains and this has successfully stored wheat among other grains for four year without quality deterioration, but the targeted stakeholders in grains postharvest value chain have not'been able to adopt the technology. Their fear is not far fetch from the uncertainty of how cost effective the technology will be. The study was conducted to appraise the economics of the technology for storage of wheat and other grains. Budgeting and profitability analytical techniques were used to analyze the data generated by the study. The study revealed that storage of wheat using inert atmosphere silo is highly profitable with a gross margin of H 5, 182,250.00. Lastly, Return per N aira from wheat grains storage using the silo is 0.44. The return on the investment almost hits 50 % of the financial commitment to the investment made on the Technology (Silo) for grains storage. To reduce postharvest grain losses and increase food security in the country, governments at all levels, Farmers' Association Stakeholders and grains merchants should work with NSPRI on the adoption of the technology.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 9
Date: 2017-10
New Economics Papers: this item is included in nep-agr and nep-bec
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Persistent link: https://EconPapers.repec.org/RePEc:ags:naae17:288335

DOI: 10.22004/ag.econ.288335

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