ECONOMICS OF OIL PALM SEEDLINGS PRODUCTION.
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- NGN 3000
ABSTRACT
The study determined the economics of oil palm seedlings production in Edo South Senatorial district, Edo State. The specific objective was to examine the socio-economic characteristics of the oil palm seedlings producers, identify the methods adopted in raising oil palm seedlings in the study area, to estimate this cost and returns in oil palms production and access it’s profitability and viability, identify the factors affecting the level of income generated by producers and the likely problems of oil palm seedlings production. The study covered ninety (120) randomly selected oil palm producers from nine villages in the study area. The results showed that the production of oil palm seedling had a high returns. The cost of selling price per seedling was N272.378, gross margin had N120.621 and Net profit had N75.932. The following was found to be major constraint, inadequate finance, time consumption, irregular supply of fresh fruit bunches, and high transportation cost. Recommendations were made based on the identified problems facing the oil palm seedling producers and it includes provision of planting material as at when due, encouraging farmers to pull their resources together, for farming themselves into cooperative societies.
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