SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA

The study examined the costs and returns to bio-fortified cassava production and forecast the future farm size of bio-fortified cassava production in Oyo State, Nigeria. A multistage sampling technique was used to select our respondents. Primary data were used for the study which were collected thro...

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Autores principales:	Kolapo Adetomiwa, Ojo Christianah Funmilayo, Lawal Adebayo Morenikeji, Abayomi Tajudeen Sarumi, Muhammed, Opeyemi Abdulmumin
Formato:	article
Lenguaje:	EN
Publicado:	Zibeline International 2021
Materias:	sensitivity analysis bio-fortified cassava markov chain farm size oyo state Agriculture (General) S1-972
Acceso en línea:	https://doaj.org/article/c86b8195724d441bb1a2a15a443ac601
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spelling	oai:doaj.org-article:c86b8195724d441bb1a2a15a443ac6012021-11-24T04:46:08ZSENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA10.26480/mjsa.02.2021.61.662521-29312521-294Xhttps://doaj.org/article/c86b8195724d441bb1a2a15a443ac6012021-01-01T00:00:00Zhttps://myjsustainagri.com/archives/2mjsa2021/2mjsa2021-61-66.pdfhttps://doaj.org/toc/2521-2931https://doaj.org/toc/2521-294XThe study examined the costs and returns to bio-fortified cassava production and forecast the future farm size of bio-fortified cassava production in Oyo State, Nigeria. A multistage sampling technique was used to select our respondents. Primary data were used for the study which were collected through a well-structured questionnaire. Data collected were analyzed using descriptive, Markov chain, and budgetary analysis. The result of the study showed that TMS 01/0593, TMS 01/0539 and TMS 01/0220 were the mostly grown varies of bio-fortified cassava varieties in Oyo State, Nigeria. The result of the budgetary analysis showed that the average net return (net farm income) from the production of bio-fortified cassava was ₦196710.95 with RORI of 224.95%. The result revealed that at 35% increase in cost of production, the rate of return on investment dropped to 140.70% in which the investment will not be viable. The bio-fortified cassava farmers have a great potential to boost production through increases in farm sizes of the bio-fortified cassava famers until the year 2026 when equilibrium would be attained at about 2.85ha. In order to adequately achieve these goals, more improved varieties of bio-fortified cassava should be provided. Consequently, infrastructures should be put in place to help boost farmers moral in their cause of production.Kolapo AdetomiwaOjo Christianah FunmilayoLawal Adebayo MorenikejiAbayomi Tajudeen SarumiMuhammed, Opeyemi AbdulmuminZibeline Internationalarticlesensitivity analysisbio-fortified cassavamarkov chainfarm sizeoyo stateAgriculture (General)S1-972ENMalaysian Journal of Sustainable Agriculture, Vol 5, Iss 2, Pp 61-66 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	sensitivity analysis bio-fortified cassava markov chain farm size oyo state Agriculture (General) S1-972
spellingShingle	sensitivity analysis bio-fortified cassava markov chain farm size oyo state Agriculture (General) S1-972 Kolapo Adetomiwa Ojo Christianah Funmilayo Lawal Adebayo Morenikeji Abayomi Tajudeen Sarumi Muhammed, Opeyemi Abdulmumin SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA
description	The study examined the costs and returns to bio-fortified cassava production and forecast the future farm size of bio-fortified cassava production in Oyo State, Nigeria. A multistage sampling technique was used to select our respondents. Primary data were used for the study which were collected through a well-structured questionnaire. Data collected were analyzed using descriptive, Markov chain, and budgetary analysis. The result of the study showed that TMS 01/0593, TMS 01/0539 and TMS 01/0220 were the mostly grown varies of bio-fortified cassava varieties in Oyo State, Nigeria. The result of the budgetary analysis showed that the average net return (net farm income) from the production of bio-fortified cassava was ₦196710.95 with RORI of 224.95%. The result revealed that at 35% increase in cost of production, the rate of return on investment dropped to 140.70% in which the investment will not be viable. The bio-fortified cassava farmers have a great potential to boost production through increases in farm sizes of the bio-fortified cassava famers until the year 2026 when equilibrium would be attained at about 2.85ha. In order to adequately achieve these goals, more improved varieties of bio-fortified cassava should be provided. Consequently, infrastructures should be put in place to help boost farmers moral in their cause of production.
format	article
author	Kolapo Adetomiwa Ojo Christianah Funmilayo Lawal Adebayo Morenikeji Abayomi Tajudeen Sarumi Muhammed, Opeyemi Abdulmumin
author_facet	Kolapo Adetomiwa Ojo Christianah Funmilayo Lawal Adebayo Morenikeji Abayomi Tajudeen Sarumi Muhammed, Opeyemi Abdulmumin
author_sort	Kolapo Adetomiwa
title	SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA
title_short	SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA
title_full	SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA
title_fullStr	SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA
title_full_unstemmed	SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA
title_sort	sensitivity analysis and future farm size projection of bio-fortified cassava production in oyo state, nigeria
publisher	Zibeline International
publishDate	2021
url	https://doaj.org/article/c86b8195724d441bb1a2a15a443ac601
work_keys_str_mv	AT kolapoadetomiwa sensitivityanalysisandfuturefarmsizeprojectionofbiofortifiedcassavaproductioninoyostatenigeria AT ojochristianahfunmilayo sensitivityanalysisandfuturefarmsizeprojectionofbiofortifiedcassavaproductioninoyostatenigeria AT lawaladebayomorenikeji sensitivityanalysisandfuturefarmsizeprojectionofbiofortifiedcassavaproductioninoyostatenigeria AT abayomitajudeensarumi sensitivityanalysisandfuturefarmsizeprojectionofbiofortifiedcassavaproductioninoyostatenigeria AT muhammedopeyemiabdulmumin sensitivityanalysisandfuturefarmsizeprojectionofbiofortifiedcassavaproductioninoyostatenigeria
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SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA

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