Economic Analysis of Soybean (Glycine Max L) Production in Niger State, Nigeria

Usman  Baba; Yahaya  Kaka; Abdussalam Adamu Jega

doi:10.59890/c0ybm610

Authors

Usman Baba National Cereal Research Institute Badeggi, Niger State Author
Yahaya Kaka Kebbi State University of Science and Technology Aliero Translator
Abdussalam Adamu Jega Kebbi State University of Science and Technology Aliero Translator

DOI:

https://doi.org/10.59890/c0ybm610

Keywords:

Soybean Production, Cost and Return

Abstract

This study investigated the economic evaluation of soybean production in Niger State, Nigeria. The study focus on the socio-economic characteristics of soybean producers, profitability of soybean production, and identify the challenges encountered by soybean producers in the study area. Utilizing a structured questionnaire and analyzing responses from 160 soybean farmers, the study applies descriptive statistics and farm budgeting tools. The results showed that 57.5% of the respondents were >41 years while 42.5% were between 21-41 years. Majority of respondents revealed that 83.13% had formal education while 16.87% were not educated; the study also revealed that 48.75% had access to credit while 51.25% did not have access credit, the study revealed that 18.75% of the respondents were members of cooperative while 81.25% do not belong to cooperative, Soybean production was found to be profitable as average gross margin of ₦3,778.1k was achieved. Major constraints encountered by the farmers were insufficient credit, pest and diseases, cost of transportation coupled with bad road from farm to market and the interest rate by most banks are serious challenges faced by soybean farmers in the study area

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