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Cost Return Analysis of Cocoyam Production at NRCRI, Umudike

Author

Listed:
  • Okoye, B.C
  • Asumugha, G.N
  • Mbanaso, E.N.A

Abstract

A cost return analysis of cocoyam production at the National Root Crops Research Institute Umudike showed that the enterprise is profitable. Labour constituted about 50% of total variable cost of production, which is the most important resource in cocoyam enterprise. A hectare cost of cocoyam production was N140, 114 while total revenue was N257, 400 and net return was N117, 286. The study showed that small-holder cocoyam enterprise is profitable by returning N1.27 for every N1.00 spent.

Suggested Citation

  • Okoye, B.C & Asumugha, G.N & Mbanaso, E.N.A, 2006. "Cost Return Analysis of Cocoyam Production at NRCRI, Umudike," MPRA Paper 17363, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:17363
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    References listed on IDEAS

    as
    1. Okorji, E. C. & Obiechina, C. O. B., 1985. "Bases for farm resource allocation in the traditional farming system: A comparative study of productivity of farm resources in abakaliki area of Anambra State, Nigeria," Agricultural Systems, Elsevier, vol. 17(4), pages 197-210.
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      Keywords

      Cost Returns and Cocoyam;

      JEL classification:

      • A30 - General Economics and Teaching - - Multisubject Collective Works - - - General
      • A3 - General Economics and Teaching - - Multisubject Collective Works
      • A39 - General Economics and Teaching - - Multisubject Collective Works - - - Other

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