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Abstract
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Article Information:
Economic Analysis of Plantain Production in Derived Savannah Zone of Osun State, Nigeria
O.I. Baruwa, M.B. Masuku and T. Alimi
Corresponding Author: Micah Masuku
Submitted: 2011 June, 27
Accepted: 2011 August, 27
Published: 2011 September, 10 |
Abstract:
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The study was conducted to examine the economics of plantain production in Iwo and Osogbo zones
in the derived savannah zone of Osun State, in Nigeria. The objectives were to identify the characteristics of
plantain farms, forecast the trend in farm size and analyze the costs and returns to production of plantains in
order to determine its performance and how it can be improved. A multistage sampling technique involving
purposive and random sampling was used in the study. Primary data collected with the aid of a structured
questionnaire in 2009 on production inputs and output were analyzed using descriptive statistics, Markov chain
process and budgetary technique. Descriptive analysis showed that all farms in the study area grew more than
one variety of plantain, a majority (72%) of the farms adopted the recommended spacing of 3 m2, all the farms
were small scale and more than half of them followed the recommended desuckering policy of 4-5 plantain
suckers per stool. Markov chain analysis showed an upward trend in the sizes of plantain farms in the area of
study until the year 2027 when equilibrium would be attained with mean farm size of about 1960.5 plantain
stands. Budgetary analysis results revealed that plantain production was profitable in the zone. The results
further showed that the net return accruing to an average plantain farmer was N65, 781.67 per ha per annum.
In order to improve production of plantain, farmers require to access finance in order to acquire farm inputs,
hire labour, and acquire suitable farmland.
Key words: Derived savannah, economics analysis, markov chain, plantain production, profitability, ,
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Cite this Reference:
O.I. Baruwa, M.B. Masuku and T. Alimi, . Economic Analysis of Plantain Production in Derived Savannah Zone of Osun State, Nigeria. Asian Journal of Agricultural Sciences, (5): 401-407.
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ISSN (Online): 2041-3890
ISSN (Print): 2041-3882 |
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