Profitability and Technical Efficiency Analysis of Rice Production
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Abstract on Profitability and Technical Efficiency Analysis of Rice Production
This research was designed to access the Profitability and Technical Efficiency Analysis of Rice Production in Esan Central and North East Local Government Areas of Edo State with a specific objective of examine the socio-economic characteristics of the farmers, determine the profitability of rice in the stud area.
The study used information gathered from One hundred and eighty (180) copies of a structured questionnaires were administered to rice farmers in the study area. Data so collected were analyzed using descriptive statistical instruments like means. The result gave a gross margin of n46, 445.03 per ha. Return on investment (ROI) of 1.03.
This implies that rice production is a profitability and viable enterprise. It is therefore recommended that inputs such as fertilizers, herbicide, pesticides (used to control birds and rodents) be subsidized to rice farmers to help boost indigenous rice production. Some factors of production that were identified are: tractors, cutlasses, hoes, planting materials, cost of land preparation etc. While the major problems were inadequate finance, birds and rodents attack, insufficient rainfall, inadequate storage facility etc.
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