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.
Highlights
Cassava is the world's fourth most important staple crop after rice, wheat and maize, and plays an essential role in food security
The result of this study implied that bio-fortified cassava farmers were small scale farmers but they could increase their production in the future if certain measures were put in place
Recommended Recommended Recommended Not Recommended Not Recommended investment and farm level efficiency among groups of Vitamin A cassava farmers in Oyo State Nigeria who found out that bio-fortified cassava production is a profitable business enterprise
Summary
Cassava is the world's fourth most important staple crop after rice, wheat and maize, and plays an essential role in food security. Cassava (Manihot esculenta Crantz), a starchy root crop, is a major source of food security in Africa because of its ability to grow in low-quality soil, its resistance to drought and disease, and its flexible cultivation cycle (Meridian Institute 2013; Sanni et al, 2009). Cassava is an important staple food in Nigeria (Kolapo et al, 2020). According to a study about 177,948 million tonnes of cassava were produced in Africa (Otekunrin and Sawicka, 2019). Nigeria is regarded as the world’s largest producer of cassava with a total of about 20.4 percent of the world export in year 2017 (Otekunrin and Sawicka, 2019). Cassava is a major staple food crop in Nigeria.
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