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

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

Vol. 12, No. 1, 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 total of 63 plantain farmers were surveyed using structured questionnaires. The results indicate that the majority of plantain producers are aged between 36-50 years, with an average farm size of 0.7 hectares. The output per hectare is estimated at 500 bunches per year, sold at an average cost of ₦600.00 per bunch. The total cost of production per hectare is ₦76,580.00, with total annual revenue of ₦300,000.00, resulting in a net income of ₦223,420.00. The double log production function best fits the data, explaining 89.2% of the variation in plantain production. Key factors influencing production include farm size, labor, planting materials, fertilizer, capital investment, farmer age, and experience. However, fertilizer application showed no significant relationship at both 1% and 5% levels. Common challenges faced by farmers include inadequate capital, poor extension services, waterlogged land, and pest and disease attacks. The study concludes that plantain production in the area is profitable and recommends enhanced extension services, financial support, and improved varieties to boost productivity.The study examines the economics of plantain production in Yenagoa Local Government Area of Bayelsa State, Nigeria. A total of 63 plantain farmers were surveyed using structured questionnaires. The results indicate that the majority of plantain producers are aged between 36-50 years, with an average farm size of 0.7 hectares. The output per hectare is estimated at 500 bunches per year, sold at an average cost of ₦600.00 per bunch. The total cost of production per hectare is ₦76,580.00, with total annual revenue of ₦300,000.00, resulting in a net income of ₦223,420.00. The double log production function best fits the data, explaining 89.2% of the variation in plantain production. Key factors influencing production include farm size, labor, planting materials, fertilizer, capital investment, farmer age, and experience. However, fertilizer application showed no significant relationship at both 1% and 5% levels. Common challenges faced by farmers include inadequate capital, poor extension services, waterlogged land, and pest and disease attacks. The study concludes that plantain production in the area is profitable and recommends enhanced extension services, financial support, and improved varieties to boost productivity.
Reach us at info@study.space
[slides and audio] Self-Consistent Equations Including Exchange and Correlation Effects