PROFITABILITY ANALYSIS OF SOYA BEANS PRODUCTION IN ARDO-KOLA LOCAL GOVERNMENT AREA OF TARABA STATE, NIGERIA

¹Alam, M.K,²Danji M.B³Adamu, M.M.⁴Musa, H.Y, ⁵Daloba, J.&Atule, T.M

^1,2,4&5Dept of Agric Extension& Mgt., College of Agriculture, Jalingo

³DepartmentAgricultural Economics and Extension, Taraba State University, Jalingo

⁶NYSC State Secretariat Jalingo.

Email: meetalammk@gmail.com

ABSTRACT

The study analyzed the profitability of Soya beans production in Ardo-Kola Local Government Area of Taraba State. It specifically described the socio-economic characteristics of Soyabeans farmers, estimated the costs and return of soyabeans production and identified the constraints to soysbeans production in the study area. Data were collected from 120 soyabeans farmers using purposive and random sampling techniques. The data were analyzed using descriptive statistics. The cost result revealed that most of the soyabeans farmers in the study area were young, married and formally educated.The farmers were mainly small holders without access to credit facilities. The results of the Gross Margin analysis showed a cross income of N122,500, Gross margin of N53,900 and Net farm income of N45,250 with a return on Naira invested of N0.67K, which implied, it is a profitable venture. Constraints to syabeans production were identified as; inadequate funds high cost was recommended that soyabeans farmers should farm or join Cooperative Society in order to access finance from Government as well as  other financial institutions. And also, Government as well as should subsidize the price of farm inputs to make them affordable and accessible to farmers.

Key Words: Profitability, Analysis, production, Soyabean Ardo-Kola.