ECONOMICS OF PLANTAIN PRODUCTION IN YENAGOA LOCAL GOVERNMENT AREA OF BAYELSA STATE

ECONOMICS OF PLANTAIN PRODUCTION IN YENAGOA LOCAL GOVERNMENT AREA OF BAYELSA STATE

2012 | KAINGA, P. E. AND I. T. SEIYABO
The study examines the economics of plantain production in Yenagoa Local Government Area of Bayelsa State, Nigeria. A survey of 63 plantain farmers revealed that most producers are aged between 36-50 years, with an average farm size of 0.7 hectares. Output per hectare was estimated at 500 bunches per year, sold at an average price of ₦600 per bunch. Total annual revenue was ₦300,000, with total production cost of ₦76,580 per hectare, resulting in a net income of ₦223,420 per hectare. The study found plantain production to be profitable. A double log production function was found to best fit the data, explaining 89.2% of the variation in plantain production. Factors such as farm size, labor, number of suckers, capital investment, age of farmers, and experience were significant. However, fertilizer application showed no significant relationship with plantain production. Farmers faced challenges such as inadequate capital, poor extension services, and waterlogged land. The study recommends improved extension services, access to loans and subsidies, and the introduction of improved plantain varieties to enhance productivity. The government, NGOs, and financial institutions are urged to support farmers through these measures to boost plantain production and ensure food security.The study examines the economics of plantain production in Yenagoa Local Government Area of Bayelsa State, Nigeria. A survey of 63 plantain farmers revealed that most producers are aged between 36-50 years, with an average farm size of 0.7 hectares. Output per hectare was estimated at 500 bunches per year, sold at an average price of ₦600 per bunch. Total annual revenue was ₦300,000, with total production cost of ₦76,580 per hectare, resulting in a net income of ₦223,420 per hectare. The study found plantain production to be profitable. A double log production function was found to best fit the data, explaining 89.2% of the variation in plantain production. Factors such as farm size, labor, number of suckers, capital investment, age of farmers, and experience were significant. However, fertilizer application showed no significant relationship with plantain production. Farmers faced challenges such as inadequate capital, poor extension services, and waterlogged land. The study recommends improved extension services, access to loans and subsidies, and the introduction of improved plantain varieties to enhance productivity. The government, NGOs, and financial institutions are urged to support farmers through these measures to boost plantain production and ensure food security.
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