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Stochastic Profit Efficiency of Homestead based Cassava Farmers in Southern Nigeria

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  • Akpan, Sunday Brownson
  • Patrick, Inimfon Vincent
  • Udoka, Samuel James

Abstract

The study used Cobb-Douglas stochastic profit function to estimate farm-level profit function, economic efficiency and it determinants among homestead based cassava farmers in the south-south region of Nigeria. Two-stage random sampling method was used to select 300 homestead based cassava farmers in the study area. Maximum likelihood estimates of the specified models reveal an average economic efficiency of 61.22%. The study also found that farmer’s education, experience, household size, level of farming involvement, extension agent visit, soil management method adopted by farmers and farm size are significant factors affecting farm-level economic or profit efficiency in resource use among homestead based cassava farmers. Farm-level policies aimed at promoting farmer’s education, extension services and family planning among farmers as well as reduction in production constraints was recommended.

Suggested Citation

  • Akpan, Sunday Brownson & Patrick, Inimfon Vincent & Udoka, Samuel James, 2012. "Stochastic Profit Efficiency of Homestead based Cassava Farmers in Southern Nigeria," Asian Journal of Agriculture and Rural Development, Asian Economic and Social Society (AESS), vol. 2(03), pages 1-8, September.
    • Handle: RePEc:ags:ajosrd:197995
    DOI: 10.22004/ag.econ.197995
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    File URL: https://ageconsearch.umn.edu/record/197995/files/20-127-AJARD-498-505.pdf
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    References listed on IDEAS

    as
    1. Kolawole, Ogundari, 2006. "Determinants of Profit Efficiency Among Small Scale Rice Farmers in Nigeria: A Profit Function Approach," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25238, International Association of Agricultural Economists.
    2. Shujie Yao & Zinan Liu, 1998. "Determinants of Grain Production and Technical Efficiency in China," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(2), pages 171-184, June.
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    Cited by:

    1. Yousuf, M.B. & Adeloye, A.A. & Okukpe, A.O. & Daramola, A.A. & Adeyemi, K.D. & Badmus, H. A. & Ogundun, N.A., 2013. "Growth Performance Characteristics of Goats Fed Varied Levels of Poultry Manure in whole Cassava Plant Based Concentrate Diet," Asian Journal of Agriculture and Rural Development, Asian Economic and Social Society (AESS), vol. 3(11), pages 1-6, November.
    2. Yousuf, M. B. & Adeloye A. A. & Okukpe K. M. & Adeyemi, K. D & A. H. A Badmus & Ogundun, N. J., 2013. "Growth Performance Characteristics of Goats Fed Varied Levels of Poultry Manure in whole Cassava Plant Based Concentrate Diet," Asian Journal of Agriculture and rural Development, Asian Economic and Social Society, vol. 3(11), pages 823-828, November.

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    Agricultural Finance; Farm Management;

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