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.
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