Vol. 10(2), pp. 81-90. November, 2022. 

ISSN: 2360-784X

https://doi.org/10.14662/ijpsd2022300

 

Short Review

 

Abstract

The profitability performance of Nigerian food crop production enterprises is critical to improvements in the economic well-being of the entire country. However, the profitability of food crop production enterprises can be attained by improving the production of various food crops within the limits of the existing resource base and available technology. This study therefore estimated the profitability of food crop production enterprises in Nigeria. Specifically, the study described the socio-economic characteristics of the food crop farmers, and estimated the costs and returns to food crop production enterprise. General Household Survey –Panel Wave 2 post harvest data from National Bureau of Statistics Abuja, Nigeria was used for this study, and a total of 1,678 food crop farmers (which represents 27.4% of the total population) were randomly selected from the six geo-political zones in Nigeria. The study used input-output data from National Bureau of Statistics Abuja, Nigeria in addition to data on the socio-economic characteristics of the food crop farmers. The study employed descriptive statistics to describe the socio-economic characteristics of the respondents and gross margin analysis to estimate the profitability of the respondents. The results showed that most (34.3%) of the farmers were aged between 41-50 years with modal family size of 6 - 10 members. The illiteracy level was high (62.2%) among the various food crop farmers as they had no formal education. Gross margin analysis showed that various food crop enterprises in Nigeria were profitable with a benefit-cost ratio of 1.40.

 

Keywords: Profitability, Food Crops, Households, Nigeria

 

	Cite This Article As: Adeleke, H.M., Adeleke, O.A., Fajobi, D.T., and Akintola, R.O.(2022). Profitability Performance of Food Crop Production Enterprises in Nigeria. Int. J. Polit. Sci. Develop. 10(2): 81-90.