ASSESSMENT OF PROFITABILITY OF COCOYAM AMONG FEMALE PRODUCERS IN BENDE LOCAL GOVERNMENT AREA, ABIA STATE

KANU CHIDINDU

UNIVERSITY OF DELTA AGBOR, DELTA STATE NIGERIA

chidindu.kanu@unidel.edu.ng

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Abstract

Many nations, including Nigeria, have not given cocoyam production much attention, perhaps because of its perceived low potential to provide foreign exchange. Thus, the purpose of this study is to assess the profitability of cocoyam cultivation in Abia State's Bende Local Government Area. Respondents were chosen using a multistage sampling process and a cross-sectional survey design. Structured questionnaires were used to collect primary data, which were then analyzed using budgeting and descriptive statistics. According to the findings, 73.8% of the farmers were women, 43.8% were aged 45-54, and 80% were married. Furthermore, 98.8% of the farmers did not belong to any cooperative. The results also revealed that Bende LGA's overall cocoyam production costs was ?20,467.01 ± 11,828.72, whereas total mean sales revenue was ?38,478.88 ± 9,468.24. According to the findings made, it was recommended that government agencies ensure that credit facilities are made available to farmers in cocoyam-producing areas to reduce the problem of inadequate capital currently faced by them. it is expedient that more extension agents be deployed to support farmers, as this crop is lacking adequate attention from government agencies. More so, regular training programs is supposed to be organized to keep farmers abreast improved production technologies. Keywords: cocoyam, innovation, production, profitability, improved


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