Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria
The current study was carried out to estimate cost, returns and the profitability level of pearl millet production in north-western Nigeria. The study made use of primary data collected from a cross section of 430 pearl millet farmers and analysed using descriptive statistics, budgetary technique, p...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Economic and Social Society
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/62098/1/Impact%20of%20inputs%20costs%20on%20farm%20profitability.pdf |
| _version_ | 1825932439576379392 |
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| author | Mukhtar, Umar Mohamed, Zainal Abidin Shamsuddin, Mad Nasir Sharifuddin, Juwaidah |
| author_facet | Mukhtar, Umar Mohamed, Zainal Abidin Shamsuddin, Mad Nasir Sharifuddin, Juwaidah |
| author_sort | Mukhtar, Umar |
| collection | UPM |
| description | The current study was carried out to estimate cost, returns and the profitability level of pearl millet production in north-western Nigeria. The study made use of primary data collected from a cross section of 430 pearl millet farmers and analysed using descriptive statistics, budgetary technique, profitability ratio, and Ordinary Least Square regression analysis. The study reveals that an average gross margin and net farm income across all the sampled pearl millet farms were $233.89 and $200.89 respectively, while average total cost was $ 229.35 per cultivation season. The profitability index, rate of return on investment and capital turnover were $ 0.43, 0.77 and $ 1.77, respectively. This is an indication that pearl millet production is profitable in the study area. It is also established that the coefficients of costs of renting land, fertilizer, labour, seed, agrochemicals and price of pearl millet output have significantly impact on gross margin of pearl millet production. Based on the above findings, the study concludes that profit level of the pearl millet can be significantly increased with policies that guarantee better farmer price and lower inputs costs. |
| first_indexed | 2024-03-06T09:42:03Z |
| format | Article |
| id | upm.eprints-62098 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:42:03Z |
| publishDate | 2017 |
| publisher | Asian Economic and Social Society |
| record_format | dspace |
| spelling | upm.eprints-620982019-04-05T05:03:21Z http://psasir.upm.edu.my/id/eprint/62098/ Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria Mukhtar, Umar Mohamed, Zainal Abidin Shamsuddin, Mad Nasir Sharifuddin, Juwaidah The current study was carried out to estimate cost, returns and the profitability level of pearl millet production in north-western Nigeria. The study made use of primary data collected from a cross section of 430 pearl millet farmers and analysed using descriptive statistics, budgetary technique, profitability ratio, and Ordinary Least Square regression analysis. The study reveals that an average gross margin and net farm income across all the sampled pearl millet farms were $233.89 and $200.89 respectively, while average total cost was $ 229.35 per cultivation season. The profitability index, rate of return on investment and capital turnover were $ 0.43, 0.77 and $ 1.77, respectively. This is an indication that pearl millet production is profitable in the study area. It is also established that the coefficients of costs of renting land, fertilizer, labour, seed, agrochemicals and price of pearl millet output have significantly impact on gross margin of pearl millet production. Based on the above findings, the study concludes that profit level of the pearl millet can be significantly increased with policies that guarantee better farmer price and lower inputs costs. Asian Economic and Social Society 2017 Article NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/62098/1/Impact%20of%20inputs%20costs%20on%20farm%20profitability.pdf Mukhtar, Umar and Mohamed, Zainal Abidin and Shamsuddin, Mad Nasir and Sharifuddin, Juwaidah (2017) Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria. Journal of Asian Scientific Research, 7 (12). 471- 482. ISSN 2226-5724; ESSN: 2223-1331 http://www.aessweb.com/journals/December2017/5003/3982 10.18488/journal.2.2017.712.471.482 |
| spellingShingle | Mukhtar, Umar Mohamed, Zainal Abidin Shamsuddin, Mad Nasir Sharifuddin, Juwaidah Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria |
| title | Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria |
| title_full | Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria |
| title_fullStr | Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria |
| title_full_unstemmed | Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria |
| title_short | Impact of inputs costs on farm profitability: an evaluation of pearl millet production in north-western Nigeria |
| title_sort | impact of inputs costs on farm profitability an evaluation of pearl millet production in north western nigeria |
| url | http://psasir.upm.edu.my/id/eprint/62098/1/Impact%20of%20inputs%20costs%20on%20farm%20profitability.pdf |
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