Cost Return Analysis of Cocoyam Production at NRCRI, Umudike

B.c Okoye, G.n Asumugha and E.N.a Mbanaso
Authors registered in the RePEc Author Service: Okoye, B.C

MPRA Paper from University Library of Munich, Germany

Abstract: A cost return analysis of cocoyam production at the National Root Crops Research Institute Umudike showed that the enterprise is profitable. Labour constituted about 50% of total variable cost of production, which is the most important resource in cocoyam enterprise. A hectare cost of cocoyam production was N140, 114 while total revenue was N257, 400 and net return was N117, 286. The study showed that small-holder cocoyam enterprise is profitable by returning N1.27 for every N1.00 spent.

Keywords: Cost; Returns; and; Cocoyam (search for similar items in EconPapers)
JEL-codes: A3 A30 A39 (search for similar items in EconPapers)
Date: 2006-03
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Published in Agricultural Society of Nigeria 41 (2007): pp. 511-513

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