IDEAS home Printed from https://ideas.repec.org/a/zib/zbmjsa/v5y2021i2p61-66.html
   My bibliography  Save this article

Sensitivity Analysis And Future Farm Size Projection Of Bio-Fortified Cassava Production In Oyo State, Nigeria

Author

Listed:
  • Kolapo Adetomiwa

    (Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria)

  • Ojo Christianah Funmilayo

    (Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria.)

  • Lawal Adebayo Morenikeji

    (Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria)

  • Abayomi Tajudeen Sarumi

    (Department of Agricultural Economics and Extension, Ekiti State University, Ado-Ekiti, Nigeria.)

  • Muhammed

    (Department of Agricultural Economics, Faculty of Agriculture, Obafemi Awolowo University, Ile Ife, Osun State, Nigeria.)

  • Opeyemi Abdulmumin

    (Department of Agricultural Economics and Extension, Ekiti State University, Ado-Ekiti, Nigeria.)

Abstract

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.

Suggested Citation

  • Kolapo Adetomiwa & Ojo Christianah Funmilayo & Lawal Adebayo Morenikeji & Abayomi Tajudeen Sarumi & Muhammed & Opeyemi Abdulmumin, 2020. "Sensitivity Analysis And Future Farm Size Projection Of Bio-Fortified Cassava Production In Oyo State, Nigeria," Malaysian Journal of Sustainable Agriculture (MJSA), Zibeline International Publishing, vol. 5(2), pages 61-66, December.
    • Handle: RePEc:zib:zbmjsa:v:5:y:2021:i:2:p:61-66
    DOI: 10.26480/mjsa.02.2021.61.66
    as

    Download full text from publisher

    File URL: https://myjsustainagri.com/download/14480/
    Download Restriction: no
    File URL: https://libkey.io/10.26480/mjsa.02.2021.61.66?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Pannell, David J., 1997. "Sensitivity analysis of normative economic models: theoretical framework and practical strategies," Agricultural Economics, Blackwell, vol. 16(2), pages 139-152, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kopke, Emma & Kingwell, Ross S. & Young, John, 2005. "A farm-level economic assessment of the Australian Merino, Dohne Merino, and South African Meat Merino sheep breeds in southern Australia," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137934, Australian Agricultural and Resource Economics Society.
    2. Karin Fierke & Antje Wiener, 1999. "Constructing Institutional Interests: EU and NATO Enlargement," EUI-RSCAS Working Papers 14, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    3. Jackson, T.M. & Hanjra, Munir A. & Khan, S. & Hafeez, M.M., 2011. "Building a climate resilient farm: A risk based approach for understanding water, energy and emissions in irrigated agriculture," Agricultural Systems, Elsevier, vol. 104(9), pages 729-745.
    4. Janssen, Sander & van Ittersum, Martin K., 2007. "Assessing farm innovations and responses to policies: A review of bio-economic farm models," Agricultural Systems, Elsevier, vol. 94(3), pages 622-636, June.
    5. Bennett, Anne L. & Pannell, David J., 1998. "Economic evaluation of a weed-activated sprayer for herbicide application to patchy weed populations," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), pages 1-20.
    6. Stephen P. Chambal & Jeffery D. Weir & Yucel R. Kahraman & Alex J. Gutman, 2011. "A Practical Procedure for Customizable One-Way Sensitivity Analysis in Additive Value Models," Decision Analysis, INFORMS, vol. 8(4), pages 303-321, December.
    7. Chudleigh, Fred & Cox, Howard W. & Chapman, Veronica J., 2002. "Modelling profitable and sustainable farming systems in Central Queensland," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 125070, Australian Agricultural and Resource Economics Society.
    8. Sloane, Peter J, 2010. "Symposium 7: The Fair Work Australia Minimum Wage Decision Viewed From Afar," Australian Bulletin of Labour, National Institute of Labour Studies, vol. 36(3), pages 346-350.
    9. Smith, M, 2009. "Gender Pay Equity Reform in Australia: What is the Way Forward?," Australian Bulletin of Labour, National Institute of Labour Studies, vol. 35(4), pages 652-670.
    10. Abdmouleh, Zeineb & Gastli, Adel & Ben-Brahim, Lazhar & Haouari, Mohamed & Al-Emadi, Nasser Ahmed, 2017. "Review of optimization techniques applied for the integration of distributed generation from renewable energy sources," Renewable Energy, Elsevier, vol. 113(C), pages 266-280.
    11. Eckard Rehbinder, 1997. "Environmental Agreements. A New Instrument of Environmental Policy," EUI-RSCAS Working Papers 45, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    12. Amy Verdun, 1998. "The Role of the Delors Committee in the Creation of EMU: An Epistemic Community?," EUI-RSCAS Working Papers 44, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    13. Abdul Latif & Arup Pramanik & Dulal Chandra Das & Israfil Hussain & Sudhanshu Ranjan, 2018. "Plug in hybrid vehicle-wind-diesel autonomous hybrid power system: frequency control using FA and CSA optimized controller," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 9(5), pages 1147-1158, October.
    14. Roberts, Anna M. & Pannell, David J. & Doole, Graeme & Vigiak, Olga, 2012. "Agricultural land management strategies to reduce phosphorus loads in the Gippsland Lakes, Australia," Agricultural Systems, Elsevier, vol. 106(1), pages 11-22.
    15. Mounter, Stuart W. & Griffith, Garry R. & Piggott, Roley R. & Fleming, Euan M. & Zhao, Xueyan, 2008. "Potential returns to the Australian sheep and wool industries from effective R&D and promotion investments and their sensitivities to assumed elasticity values," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 16.
    16. Alain Verbeke & David Eschmann & Philippe Gugler, 2025. "Asymmetries in Firm-Level Globalization: The Case of Swiss Multinational Enterprises," Management International Review, Springer, vol. 65(2), pages 305-328, April.
    17. Liesio, Juuso & Mild, Pekka & Salo, Ahti, 2007. "Preference programming for robust portfolio modeling and project selection," European Journal of Operational Research, Elsevier, vol. 181(3), pages 1488-1505, September.
    18. Morteza Chalak & David J. Pannell, 2015. "Optimal Integrated Strategies to Control an Invasive Weed," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(3), pages 381-407, September.
    19. Renaud Dehousse, 1998. "European Institutional Architecture after Amsterdam: Parliamentary System or Regulatory Structure?," EUI-RSCAS Working Papers 11, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    20. Colley, L., 2010. "Central Policies, Local Discretion: A Review of Employee Access to Work-Life Balance Arrangements in a Public Sector Agency," Australian Bulletin of Labour, National Institute of Labour Studies, vol. 36(2), pages 214-235.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zib:zbmjsa:v:5:y:2021:i:2:p:61-66. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zibeline International Publishing The email address of this maintainer does not seem to be valid anymore. Please ask Zibeline International Publishing to update the entry or send us the correct address (email available below). General contact details of provider: https://myjsustainagri.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.