SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA

Kolapo Adetomiwa (), Ojo Christianah Funmilayo, Lawal Adebayo Morenikeji, Abayomi Tajudeen Sarumi, Muhammed and Opeyemi Abdulmumin
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Kolapo Adetomiwa: Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria
Ojo Christianah Funmilayo: Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria.
Lawal Adebayo Morenikeji: Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria
Abayomi Tajudeen Sarumi: Department of Agricultural Economics and Extension, Ekiti State University, Ado-Ekiti, Nigeria.
Muhammed: Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria.
Opeyemi Abdulmumin: Department of Agricultural Economics and Extension, Ekiti State University, Ado-Ekiti, Nigeria.

Malaysian Journal of Sustainable Agriculture (MJSA), 2020, vol. 5, issue 2, 61-66

Abstract: The study examined the costs and returns to bio-fortified cassava production and forecast the future farm size of bio-fortified cassava production in Oyo State, Nigeria. A multistage sampling technique was used to select our respondents. Primary data were used for the study which were collected through a well-structured questionnaire. Data collected were analyzed using descriptive, Markov chain, and budgetary analysis. The result of the study showed that TMS 01/0593, TMS 01/0539 and TMS 01/0220 were the mostly grown varies of bio-fortified cassava varieties in Oyo State, Nigeria. The result of the budgetary analysis showed that the average net return (net farm income) from the production of bio-fortified cassava was ₦196710.95 with RORI of 224.95%. The result revealed that at 35% increase in cost of production, the rate of return on investment dropped to 140.70% in which the investment will not be viable. The bio-fortified cassava farmers have a great potential to boost production through increases in farm sizes of the bio-fortified cassava famers until the year 2026 when equilibrium would be attained at about 2.85ha. In order to adequately achieve these goals, more improved varieties of bio-fortified cassava should be provided. Consequently, infrastructures should be put in place to help boost farmers moral in their cause of production.

Keywords: Efficiency; Farm size; Stochastic Frontier Analysis; Bio-fortified cassava and Nigeria. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:zib:zbmjsa:v:5:y:2021:i:2:p:61-66

DOI: 10.26480/mjsa.02.2021.61.66

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