Economic Analysis of Horticultural Enterprises in Yenagoa Metropolis of Bayelsa State, Nigeria

Type Journal Article - Journal of Agriculture and Social Research (JASR)
Title Economic Analysis of Horticultural Enterprises in Yenagoa Metropolis of Bayelsa State, Nigeria
Author(s)
Volume 12
Issue 1
Publication (Day/Month/Year) 2012
Page numbers 156-161
URL http://www.ajol.info/index.php/jasr/article/viewFile/81698/71845
Abstract
The study was on Economic analysis of horticultural enterprises in Yenagoa metropolis of
Bayelsa State, Nigeria. A total of 8 horticultural enterprises were chosen through a pilot
survey to form the sample size. Results show that horticultural farming is an activity for both
males and females. A greater number of the horticultural farmers, who were married with an
average household size of 5, fall within the age range of 31 – 40 years, which inferred that
horticultural farming is not an activity of the teenage and also not for the aged. Majority of
the horticultural farmers acquired formal education in order to meet the technical demands
of the business. Results also show that majority of the horticultural farmers engage in full
time farming with 1-5 years experience. They do not have access to extension services and
formal borrowing of capital in spite of the existing commercial banks in the study area. Most
of them do not belong to farmers co-operative or association. They acquired land by lease
and employ both hired and family labour. They engage in nursing and pinning propagation
methods and involve mainly floriculture and ornamental plant practices. The result shows
that horticultural enterprises incurred fixed cost of N34,012.50, variable cost of N74,297.56,
with a total cost of N108,310.06, and realised a total revenue of N366,813.00 and an
estimated Net Farm Income of N258,502.94, which implies that horticultural farming in
Yenagoa metropolis of Bayelsa State is a profitable venture.

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