Author/Authors :
O.، Farayola, C. نويسنده ARMTI, Ilorin, Km 18, Ilorin Ajase-Ipo Highway, P.M.B. 1343, Ilorin, Kwara State, Nigeria. , , Akintonde ، O. J. نويسنده Department of Agricultural Extension and Rural Dev , , O.، Awoyemi S. نويسنده Training Technology Department, Research Division, ARMTI, Ilorin, Km 18, Ilorin Ajase-Ipo Highway, P.M.B. 1343, Ilorin, Kwara State, , , Akintaro، S. O. نويسنده Teaching and Research Department, Ladoke Akintola University of Technology, P.M.B. 4000, Ogbomoso, Oyo State, ,
Abstract :
This study was designed to estimate the economic analysis of cashew nut marketing among produce buyers in Ogbomoso metropolis of Oyo State, Nigeria. Primary data was used and multistage sampling procedure was adopted for the population of cashew nut marketers in the study area. A total number of 116 respondents were interviewed. The data collected were analyzed using inferential statistical tool such as regression analysis. Budgetary analysis technique was also used to analyze the profitability of cashew nut in the study area. Among the findings majority (85.3%) of them belong to produce buying association, about half of them involved in sun-drying activity as part of the activities involve in produce marketing, more than have (60.3%) of them involved in bagging. Also, the mean of initial capital was N485,920.80, and that of present worth is N994,312.50. Almost all (77.6%) of them indicated inadequate capital as part of the constraint encountered in cashew nut marketing, 69.0%, 49.1% and 80.2% indicated climatic problem, instability of exchange rate transportation constraints respectively. The regression results revealed that there is significant relationship between socio-economic characteristics and total revenue of the respondents that age, sex, initial capital and total bag sold are significant at 1% and 10% with an adjusted R2 of 29.1% while the gross margin analysis revealed that the business is profitable. Hence, marketing of cashew nut has no age limit and it has no gender business but encountered some certain constraint such as inadequate capital, climatic problem, instability of exchange rate, transportation problem. It therefore recommended government should assist the produce marketers in the provision of basic infrastructure like good road, loan with one-digit interest rate, monitor exchange rate so as to save the opportunities in the business and to encourage other to venture into the business which at long run unemployment rate would drastically reduced.
