Abstracts: This study was carried out to analyze the profitability of oil palm seedling production in Ondo-West Local Government Area of Ondo State. The specific objectives were to describe the socio-economic characteristics of oil palm seedling producers, estimate cost and return of oil palm seedling production, determine the profitability of oil palm seedling production and factors affecting the production of oil palm seedling production in the study area. A multi stage sampling technique was used to select 150 respondents. Descriptive statistical tools such as frequency tables and percentages were used to describe socio economic characteristics of respondents. Gross margin analysis was used to estimate cost and return, benefit cost ratio and return on investment were used to determine the profitability while regression analysis was used to determine the factors affecting oil palm seedling production in the study area. The result showed that majority of the respondents are males (80%), aging (62%), literate (88%), while 64% had 4-9years of experience in oil palm seedling production. The result further revealed a return of ₦8887560 and profit of ₦2.88 was generated. The regression analysis showed that Age, marital status, level of education, major occupation and source of funding all had negative relationships on returns but insignificant. Source of sprout nut was positively significant at 1% indicating that an increase in the source of sprout nut will lead to an increase in returns.The study recommended that producers should be encouraged to join farmers’ societies for easy access to credit facilities, production inputs, and also good pricing regimes should be introduced.
Keywords: oil palm seedlings, profitability, returns, production.
Title: PROFITABILITY OF OIL PALM SEEDLINGS IN ONDO STATE, NIGERIA
Author: Adejo, A. S., Oyinlade, T. K., Oyeleke, M. O., Bello, S. A
International Journal of Life Sciences Research
ISSN 2348-313X (Print), ISSN 2348-3148 (online)
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