CASSAVA PROCESSING AND MARKETING OPTION FOR SUSTAINABLE AGRICULTURAL DEVELOPMENT
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- NGN 5000
Abstract
This study examined the economics and profitability(Agricultural development) of improved cassava production technologies in Enugu State. A multi-stage sampling technique was adopted for this study. The result shows that the socio-economic characteristics of the respondents revealed that 43.75% of the farmers made the modal age group between 41-50 years. 71.25% of the respondents were male and each of them has at least primary education, 72.50% of the farmers were married, 46% of them had an average of 6 year experience in cassava production, 68.75% of the respondents have 4.9 hectares while 23.75% has less than 1 hectare of farm size. In the area of capital source for production: 45% of the farmers sourced their capital through cooperative societies, 26.25% source for capital through personal savings, 21.25% made their source through money lenders, while only 8% obtained loans through commercial banks. The respondents reported the following as their major constraints which was rated in percentage (%), which slowed down the growth and development of their production/farming in the area of study; these were inadequate source of fund (capital) and high interest rate (23.75%), poor transportation facilities (13.75%), high cost of tractor hiring services (12.50%), inadequate access to land for farm use (11.25%), less impacts of extension services (7.50%), and poor pricing for the products i.e lack of ready market (6.25%). The Gross Margin (GM) for the farming was ₦27, 754.00 with the benefit/cost ratio at ₦2.40. This however revealed that the improved cassava farming is profitable in the study area; for every ₦1 invested there was a return of ₦2.40 kobo. The study recommended that Government should provide low micro-credits, functional extension services, provision of rural infrastructure and subsidized tractor hiring service with adequate maintenance of farm machineries.
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