TO GET THE COMPLETE JOURNAL/THESIS FOR TOPIC BELOW,
CALL: 08168759420, 08068231953
WHATSAPP: 08137701720
ECONOMIC ANALYSIS OF RICE PRODUCTION IN BENDE LOCAL GOVERNMENT AREA OF ABIA STATE, NIGERIA
ABSTRACT
The study examined the Economics of rice production in Bende Local Government Area of Abia State. The specific objectives of the study were to describe the socio-economic characteristics of the rice farmers, estimate the costs and return of rice farmers and to determine the factors influencing the output of rice farmers in the study area. Data for this study were obtained with the use of structured questionnaire administered to one hundred and twenty (120) randomly selected rice farmers. Data were analysed with the use of the descriptive statistics, Net Farm Income model and the Ordinary Least Squares regression model. The result showed that a net income of ₦88,360.00 was obtained. The profitability index was 0.41, implying that for every naira invested; in rice production, 41 kobo was returned to the farmer. Thus rice production in the area was profitable. The result of the ordinary least squares regression model showed that farm size, labour input, quantity of seed, educational level and access to credit were the significant variables that influenced the output of rice farmers in the study area. It is recommended that government should create an enabling environment through the provision of subsidized inputs and credit facilities to boost the productivity of rice farmers in the study area.
Keywords: Profitability, Rice production, Net income, Rice farmers.