Economic Analysis of Cassava Production in Saki-West Local Government Area of Oyo State

Abstract

This study focused on analyzing the economics of cassava production in Saki–West LGA of Oyo state, Nigeria. Simple random sampling technique was used to select 121 cassava farmers. Descriptive statistics and regression model were employed as analytical techniques. Descriptive statistics was used to describe the socio-economic characteristics of the respondents, to identify the constraints being faced by the cassava farmers and the type of cropping system they practiced. Budgetary and regression analyses were used to determine the profitability of cassava production in the study area. The result of the descriptive analysis of the respondents revealed that their mean age is 50.71 years, 84.3% of the farmers were male while the rest percentages (15.78%) were female, a large percentage (86%) of the cassava farmers were married  and most (68.7%) of the respondents have family size ≤ 10. From the BCR analysis, the benefit cost ratio of 1.7 showed that cassava production was highly profitable in the study area. The result of the regression analysis showed that farm size and Family labour were statistically significant at 1% and had positive influence on farmer’s revenue. This is because the larger the farm size, the longer the hours spent on farming activities by the household and the higher the revenue. However, the age, labour cost, cost of cassava cuttings and years of farming experience were not statistically significant to the farmer’s revenue. Policies that will make more land available to farmers will increase the farmer’s revenue and total output, thus reducing the plague of poverty and unemployment.

Keywords: Benefit Cost Ratio, Cassava, Constraints and Profitability