Agriculture has been the major source of livelihood in Nigeria, primarily because the environment is favorable for Agricultural practice. On the basis of climate, topography and vegetation the country is divided into five agricultural zones, namely Dry sub humid, Sub-humid, very humid and swamp/flood. Subsistence agriculture formed the major system of farming in the olden days which provide food crops for human consumption, while surplus are transported to the local markets for sale. Subsistence agriculture also forms the basis upon which all other system of farming are built. Hence, this paper examines the problems and prospects of subsistence agriculture in Ibarapa East local Government Area of Oyo State. Ten farming centres were used as samples in the area. Questionnaires were used to collect relevant data. Percentage and T-test distribution techniques were used to analyze the data. The findings show that there is low agricultural production in the study area as a result of problems such as shortage of fund, land tenure system, inadequate transportation system among others.