This study analysed cocoa farmers’ attitude to risk and effects on their income in Ondo State, Nigeria. Multistage sampling technique was used to select a representative sample (234) for this study. Attitudinal Scale Approach (ASA) model, Gross margin and Likert’s scale were used to analysed the data collected. Results showed that the mean age of the respondents was 50.27 years with an average of 15.98 years of experience. The sources of risks perceived by the cocoa farming households as threats to cocoa production were Natural risks (63.68%), social risks (88.89%), economic risks (75.21%), production risk (52.14%) and marketing risks (76.92%). The result of ASA model using Likert’s scale showed that 37.61%, 36.75% and 25.64% of the respondents were respectively categorized as risk averse, neutral and preferring individuals. Results of costs and returns analysis of cocoa farms in the study area indicated that the average farm’s profitability level wasN185,423,725. Regression result showed that the variables that determine farmer’s income included social risks (p<0.001), economic risks (p<0.001) and production risks (p<0.001) and marketing risks (p<0.001). The study concluded that plant diseases, theft of the crop, low market demand, low labour supply and Instability of price among others are the severe types of risks that affect cocoa productivity and all year source of risk to cocoa production in the study area.
Maize consumption is widespread across the country and among households of different wealth. The challenge to increase the efficiency in food production level in Nigeria appears to be more urgent now than it has ever been in the history of the country and in particular, Kajola Local Government area of Oyo State. This study analyzes the technical efficiency and profitability among maize base farmer in Kajola Local Government of Oyo State. A multi-stage sampling technique was used to select 80 maize based farmers in the five villages using well-structured questionnaire. Descriptive statistics, gross margin and stochastic frontier analysis were employed to analyze the data collected. Result showed that the mean age and household size of the respondents were 46 years and 5 respectively. The profitability analysis showed a profit of ₦2711842.6 was recorded. The stochastic analysis revealed that capital, is the most important factors to increase maize productivity. The study concluded that the productivity of the factors could be improved by expanding the capital base, and adequate and timely education through constant training in the latest farming techniques while alternative capital sources through financial capital (savings, funding, remittances etc.) government grants, be available to farmers in other to boost production.
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