Economic analysis of dry season vegetable production in Ogun State, Nigeria

Abstract

PurposeThe study was conducted to investigate the economics of dry season vegetable production in Ogun state, Nigeria.Design/methodology/approachDescriptive statistics, budgetary technique and regression analysis model were used to analyze the data collected from 120 respondents using multistage sampling technique.FindingsDescriptive statistics showed that while the mean age of the farmers was 62.1 ± 38.78, the mean farming experience was 17.3 ± 12.84. Majority (56.7%) of the respondents were uneducated. Vegetable enterprise in the area was male-dominant. The result of budgetary analysis revealed that the average net and total income were ₦ 55,405.29 and ₦ 131,514, respectively. While the average total variable cost was ₦ 64,767.29, average total cost was ₦ 76,108.70. Benefit cost ratio and rate of returns were 1.73 and 0.73, respectively. The regression analysis revealed that revenue from vegetable production in the study area was influenced by farm size, seed quantity, farming experience, quantity of labor and fertilizer used.Research limitations/implicationsIt is therefore imperative for policymakers to encourage dry season vegetable farming as a viable enterprise option for the unemployed and upcoming entrepreneurs. Meanwhile, the government should design and implement policies that would improve access to land, labor, quality seed, water and fertilizers.Originality/valueThe study adds to the growing body of literature on inherent prospects for labor and entrepreneurs as regards the opportunities latent in dry season farming activities.