Type | Journal Article - International Journal of Agricultural Economics and Rural Development |
Title | Profit efficiency among cocoyam producers in Osun State, Nigeria |
Author(s) | |
Volume | 1 |
Issue | 1 |
Publication (Day/Month/Year) | 2008 |
Page numbers | 38-46 |
URL | http://www.lautechaee-edu.com/journal/ijaerd1/ijaerd - 1 edition.pdf#page=44 |
Abstract | This paper employs a translog stochastic frontier model to examine the profit efficiency of cocoyam production in Osun State, Nigeria. Farm-level data were collected from a sample of 120 cocoyam farmers. The average profit efficiency level was 12 percent. The result from the translog frontier profit function shows that corm and dummy variable for soil are important factors explaining changes in profit. The result also shows that family size, farm size, mulch and credit contribute negatively to loss of profit while farming experience tends to increase loss of profit. Loss of profit in cocoyam production can be reduced significantly by increasing farm size, using of mulch and having better access to credit. |
» | Nigeria - Population and Housing Census 2006 |