Profitability of Cowpea Production in Osun State: Case Studies of Iwo, Ayedire and Ola Oluwa Local Governments
This study estimated the profitability of cowpea production in Iwo, Ayedire, and Ola-oluwa local government arewas of Osun state. The data used were collected from the administration of questionnaire to 150 farmers randomly selected and was analysed using descriptive and cost and return analysis. The result shows that the farmers are majorly muslims (56%) and majority (76%) were males. The mean age of the farmers was 36years with majority of them (81%) having formal education. It was futher observed that majority (77%) were married with most of them (70%) having household size of 6-10persons. The average farming experience of the farmers is 15years where most of them (46%) had less than one (1) ha of farm. Majority of the farmers (64%) acquired their lands by inheritance. Furthermore, it was observed from the gross margin analysis that cowpea farmers obtained an average profit of #32,545.115 per season. The net profit margin was calculated to be 46.5%; it shows that for every one naira (#1) increase in output, there is 46.5% increase in the farmers net farm profit. This implies that cowpea production is profitable in the study area. Based on this findings, government should help provide land for large scale production to improve the livelihoods of the farmers.
Profitability Analysis, Cowpea, Budget, Gross Margin, Net Profit
Agboola, S. A (1979). An Agricultural Atlas of Nigeria, Oxford University Press, London. pp 95-97.
Auko, Y. B. (2006) Challenges and Prospects and Utilization of Traditional Grains in UgandaKampala: Department of food science and technology, University of Makerere.
Akibode S and Maredia M. (2011) Global and regional trends in production, trade and consumption of food legume crops. Report submitted to CGIAR Special Panelonimpact Assessment, 27 march 2011. 83 pp http://impact.cgiar.org/sites/default/files/images/Legumetrendsv2.pdf.
Bayacag, P. G. (2001). Farm Environment, Farm Knowledge and Technical Efficiency: An Investigation among Upland Corn Farmers in Bukidnon, Philippines. An Unpublished PhD; dissertation submitted to the University of the Philippines - Los Banos, Laguna, Philippines.
Jimoh K. A, Nafiu G. O, and Vincent C. C (2016). Cucumber Production and Food Security: It’s Profitability in Iwo, Osun State Nigeria. An Unpublished Paper; research article submitted to American Journal of Business, Economics and Management.
Jimoh K. A, Adesanya A. A, Babalola Y. O, and Lawal I. O (2016) Bioeconomic Analysis of Cucumber Production in Iwo, Osun state, Nigeria. An Unpublished paper; research submitted to Biomedicinal Research Centre, Forestry Research Institute of Nigeria.
Petu-Ibikunle, A. M., Abba-Mani. F, Odo. P. E., (2008) Determination of Rate and time of Nitrogen Application on pp 1673-1679, 9(11).
Tenywa, M. M., Isabirye, M. I., Lal, R. Lufafa, A. and Achan, P (1999). Cultural practices and production constraints in smallholder banana-based cropping systems of Uganda’s Lake Victoria Basin. African Crop Sci.J. 7(4): 613-623.
United States Agency for International Development (2004). USAID’s Nation on Plans to End Hunger in Africa. Fact Volume XLI.
Yusuf, O., Haruna, V., Yusuf, H. O and Ugbabe, O. O. (2008). Factors Determining Intercropping by Small Scale Melon Production in Kogi central Zone of Kogi State, Nigeria.