Economic Analysis of Cassava production in Lagelu Local Government Area of Oyo State, Nigeria.

Abstract

The study assessed economic of cassava production in Lagelu Local Government Area of Oyo state. To this end, effort was made to examine the socio-economic characteristics of the cassava farmers, determine the resource use efficiency as well as the profitability of cassava production in the study area. To achieve the objectives of this study, 90 cassava farmers were randomly selected from 9 villages. Data were subsequently analyzed using descriptive statistics, Net farm income (NFI) and multiple regression models. The results showed that most farmers used family labour (62%) crude implements (89%) and personal saving (72%) for their farming operation. Farm size, fertilizer, capital and stem cuttings were the significant factors influencing output levels. Estimated efficiency ratio (r) shows that resources were not efficiently utilized and the net farm income per hectare of land was N 30, 703 which revealed that cassava production is profitable in the area.