Economic analysis of the marketing margin of benniseed in Nasarawa State, Nigeria

Type Journal Article - Agro-Science Journal of Tropical Agriculture, Food, Environment and Extension
Title Economic analysis of the marketing margin of benniseed in Nasarawa State, Nigeria
Author(s)
Volume 9
Issue 1
Publication (Day/Month/Year) 2010
Page numbers 47-55
URL http://www.agrosciencejournal.com/public/agro9-7.pdf
Abstract
The performance of the marketing system of benniseed in Nasarawa State was determined by using
marketing margin models, Analysis of Variance and Duncan multiple range test. Primary data used
for analysis were generated through random sampling of 90 farmers and 270 regular middlemen.
The results showed that the mean marketing margin was 18.2%, marketing costs 12.8%, net profit
8.3% and farmer’s share 78.9% of the retail price. These values indicated efficient and competitive
trends under the prevailing circumstances. ANOVA results showed that marketing margins at the
three main market centers were significant at 0.05 level of probability while the multiple range tests
showed that marketing margin was highest in Doma and Nassarawa central markets.

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