Economic analysis of cassava production in Lagelu local government area of Oyo State, Nigeria

Abstract

The 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 area. To achieve the objective 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 level. Estimated efficiency ratio(r) shows that resources were not efficiently utilized and the net farm income per hectare of land was N 30, 707 which revealed that cassava production is profitable in the area.