Profitability and Technical Efficiency of Pineapple Production in Ogun State, Nigeria
Olubunmi Lawrence Balogun, Samuel Ayodele Adewuyi, Olayiwola Raheem Disu, John Osagie Afodu, Taofeek Ayodeji Ayo-Bello
Abstract
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Olubunmi Lawrence Balogun, Samuel Ayodele Adewuyi, Olayiwola Raheem Disu, John Osagie Afodu, Taofeek Ayodeji Ayo-Bello
Abstract
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Nigeria pineapple production remains low when compared to other producing nations. The production output of the crop has been attributed to inefficient use of available inputs. This study focused on profitability and technical efficiency of pineapple production. Two Agricultural Development Project zones with three blocks each were randomly selected from the study area. The blocks consist of six cell-units each from which 101 pineapple farmers were selected. Data from interviews were analysed using descriptive statistics, cost and return and stochastic frontier production function. The result showed that the pineapple production business is profitable and returning more to the farmer than the original investment in terms of purchased inputs. The study showed that farms were operating inefficiently with efficiency score of 0.603. The study recommends policy that makes production inputs available to pineapple farmers in proportion they can afford.
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Nigeria pineapple production remains low when compared to other producing nations. The production output of the crop has been attributed to inefficient use of available inputs. This study focused on profitability and technical efficiency of pineapple production. Two Agricultural Development Project zones with three blocks each were randomly selected from the study area. The blocks consist of six cell-units each from which 101 pineapple farmers were selected. Data from interviews were analysed using descriptive statistics, cost and return and stochastic frontier production function. The result showed that the pineapple production business is profitable and returning more to the farmer than the original investment in terms of purchased inputs. The study showed that farms were operating inefficiently with efficiency score of 0.603. The study recommends policy that makes production inputs available to pineapple farmers in proportion they can afford.
Key concepts: Profitability index, Production (economics), Ogun state, Agricultural science, Investment (military), Descriptive statistics, Business, Agriculture