Profitability Analysis of Fadama Farming in Akure South Local Government Area of Ondo State, Nigeria

Select Volume / Issue:

• Volume 1,Issue 5, Sept. 2014

Year:

2014

Type of Publication:

Article

Keywords:

Descriptive, Profitability, Regression and Socio-Economic Characteristics

Authors:

A., Folayan J.; O., Bifarin J.

Journal:

IJRAS

Volume:

1

Number:

5

Pages:

325-329

Month:

September

Note:

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. CC BY-NC-SA 4.0 Creative Commons License: https://creativecommons.org/licenses/by-nc-sa/4.0/

Abstract:

The study was carried out to assess the profitability of fadama farming in Akure Local Government south Ondo state. The specific objectives of the study are to estimate the cost and returns of fadama farming and examine the factors determining its profitability. Akure south local governments area was purposively selected due to the intensity of fadama farming activities in the areas. Ten (10) villages were purposively selected from the local government area and ten respondents from each villages were selected for the study. Primary data were collected through the use of structured questionnaire. The findings revealed that majority (68%) of the respondents were male, 77% had formal educations. The finding further showed that 56% of the respondents claimed that fadama farming increases the annual profit; 33% submitted that pest and diseases infestation are major problem hindering their farming activities while 10% claimed low capital as their major problem. Regression result using linear model showed that age (X1), Gender (X2), marital status (X3) level of education (X4), household size (x2) were significant at 5% level. It was recommended that government should utilize the abundance of vegetations in the country for fadama which will improve the level of food security and boost the Nation’s Gross Domestic product.

Full text: IJRAS_124_Final.pdf