Agriculture is the main driver of deforestation. In other to reduce deforestation, a viable alternative livelihood strategy, aside from agriculture, must be in place to provide a sustainable income for investors. Managing forests for sustainable production (the forest economy) has been suggested as an alternative for sustainable land use practice. In the current study, we undertook a comparative analysis of woodlots and agriculture. The profitability of agriculture and woodlot production in Ghana was compared using a profitability model. We looked at profitability in terms of Net Present Value (NPV) and the Benefit-Cost Ratio (BCR) of three regions in Ghana, namely, Ashanti, Bono-East, and Western Regions. We found that woodlot producers with contractual relationships with the Forest Commission and other forestry companies produce the highest Net Present Value (NPV) and Benefit-Cost Ratio (BCR). However, this profitability is marginally higher than that of agriculture, which gives a fixed yearly return. This means woodlot production may not be a panacea to reducing agriculture in Ghana.
This study determines the financial viability of the floricultural industry in Ghana using both discounting and non-discounting investment appraisal methods. The feasibility analysis suggests that large-scale floricultural firms are more profitable particularly with the production of cut flowers. However, investors with limited capital can venture into small-scale production specifically cut flowers. The conclusion is that the floriculture industry is financially viable therefore investors are encouraged to expend their resources in the industry. We recommend that the government and stakeholders need to create institutional support to enable the already established firms to further develop and attract new investors in120 E.
Fall armyworm (Spodoptera frugiperda) has spread rapidly and posed numerous threats to the food security and livelihood of millions of smallholder farmers in Ghana. This study quantifies the damages of fall armyworm infestation in maize production and identifies the various methods used in controlling fall armyworm infestation. Almost all farmers 94% experienced fall armyworm infestation on their farms. They cited key common visual damages as yellowish leaves, stunted growth, poor yield quality, holes in leaves, and egg masses on leaves. Farmer’s loss an average of GH¢2616.07 to fall armyworm infestation. Pesticide application is the frequent control measure mostly used by farmers. Farmers do not mostly use biological methods for the control of the fall armyworm. The use of pesticide as a control method is however not effective as about GH¢ 3 000 per 1 acre is lost with the use of insecticides. It is recommended that the use of other control measures like the contemporary measures involving the use of birds and chickens as predators of eggs and worms of fall armyworm should be encouraged.
JEL code: Q16
Cassava is a crop that is massively produced and consumed in Ghana even though it is produced by subsistence farmers. The aim of this study is to analyse the cost and returns of cassava farmers. Farmers profitability was accessed using the gross margin, net present value and the benefit cost ratio. SWOT analysis was conducted to access challenges faced by cassava farmers. Data was collected by personal interview from fifty (50) cassava growing farmers in the Sekyere East District of the Ashanti Region, Ghana. The Costs and returns analysis show gross margin of USD 22.75 per acre. It was concluded that cassava is cultivated for both consumption and revenue. Even though there is low investment of capital in cassava production, it helps farmers to make use of available resources (personal savings, land and labour) which would have been idle. Further should compare profitability of crops that compete for use of famers land.
JEL. CODE: Q13, Q19
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