@article{ONUCHE:308405,
      recid = {308405},
      author = {ONUCHE, Unekwu  and IBITOYE, Stephen Jimoh  and ANTHONY,  Thomas },
      title = {PROFITABILITY AND EFFICIENCY OF BAMBARA GROUNDNUT  PRODUCTION IN NIGERIA: A CASE STUDY},
      journal = {Review of Agricultural and Applied Economics (RAAE)},
      address = {2020-10-31},
      number = {1340-2021-019},
      month = {Oct},
      year = {2020},
      note = {doi: 10.15414/raae.2020.23.02.92-101;   https://roaae.org/issue/review-of-agricultural-and-applied-economics-raae-vol-23-no-2-2020-2/?article=profitability-and-efficiency-of-bambara-groundnut-production-in-nigeria-a-case-study  },
      abstract = {Research Background: Although it is a highly nutritious  and climate resistant crop, bambara groundnut is described  as a neglected and under-utilized crop in most countries  including Nigeria where its production is in the hands of  some smallholder farmers. Empirical facts on the  profitability as well as the technical efficiency of  bambara groundnut production in Kogi state, Nigeria, where  it serves as an important source of food and income, are  unknown. These facts, when known, can draw the attention of  stakeholders to intervention areas. Purpose of the article:  The research was undertaken to provide factual data through  empirical analyses on the cost, returns and technical  efficiency of smallholder bambara groundnut farmers in the  area, in to order elicit interest in the neglected crop.  Such attention may aid in the expansion of the crop’s  production through interventions in identified areas of  concern. Methods: A five-stage sampling technique was  employed in the random selection of 120 farmers for  questionnaire administration in order to obtain the  requisite data. Data on cost and returns were subjected to  Gross Margin and Net Return on Investment analyses while  the Cobb-Douglas Stochastic Frontier Production Function  was employed in analysing technical efficiency. Findings  and value added: Producers of bambara groundnut in the area  are small scale farmers who are old, poorly educated and  have large families. Cost and returns analysis showed that  labour had the highest percentage of Total Variable Cost  (78.00%). The venture, with a gross margin of -11,601.87  Nigerian Naira (-60.31 USD) and Net Returns on Investment  of 0.79, is unprofitable. Experience and education affect  the moderately high technical efficiency level which on the  average is 71.2%. Bambara groundnut production in the area  can be made profitable through labour cost reduction and  improvement in average efficiency level by 28.8%. The  provision of machinery to help reduce labour cost, in  addition to special policy attention that will enhance  improvements in education and extension services will  reduce inefficiency and improve profitability.},
      url = {http://ageconsearch.umn.edu/record/308405},
      doi = {https://doi.org/10.22004/ag.econ.308405},
}