Home           Contact us           FAQs           
     Journal Home     |     Aim & Scope    |    Author(s) Information      |     Editorial Board     |     MSP Download Statistics
2012 (Vol. 4, Issue: 6)
Article Information:

Analysis of Production Efficiency of Food Crop Farmers of Bank of Agriculture Loan Scheme in Ogun State Nigeria

O.I. Ambali, D.A. Adegbite, I.A. Ayinde and A.O. Idowu
Corresponding Author:  O.I. Ambali 

Key words:  Efficiency, food crop, loan beneficiary, Nigeria, stochastic frontier , ,
Vol. 4 , (6): 383-389
Submitted Accepted Published
August 04, 2012 September 03, 2012 November 25, 2012

The study analyzed the production efficiency of food crop farmers of Bank of Agriculture loan scheme in Ogun State Nigeria. A total of 240 beneficiaries of the bank were sampled in a multistage sampling procedure. The data collected were analyzed using descriptive statistics, test of mean difference and stochastic frontier analysis. The findings revealed that loan beneficiary food crop farmers were fairly educated and in their active ages. The result of test of difference of means revealed that farmers divert some of the loan meant for farming to other uses. The stochastic production function revealed that farm output increases with farm size, family labor, planting material and herbicide but decreases with hired labor and fertilizer. The means technical efficiency, allocative efficiency and economic efficiency were 91, 74 and 67%, respectively implying there is room for improvement in technical efficiency by 9%, allocative efficiency by 26% and economic efficiency by 33% with the present technology. The study suggests that the loan beneficiary food crop farmers should reduce the use of hired labor and fertilizer. Also, there is need for farm expansion to ensure efficient utilization of resources. Finally, formal education and adult literacy education should be strengthened among farmers as education and extension contact increase the technical efficiency of food crop farmers.
Abstract PDF HTML
  Cite this Reference:
O.I. Ambali, D.A. Adegbite, I.A. Ayinde and A.O. Idowu, 2012. Analysis of Production Efficiency of Food Crop Farmers of Bank of Agriculture Loan Scheme in Ogun State Nigeria.  Asian Journal of Agricultural Sciences, 4(6): 383-389.
    Advertise with us
ISSN (Online):  2041-3890
ISSN (Print):   2041-3882
Submit Manuscript
   Current Information
   Sales & Services
Home  |  Contact us  |  About us  |  Privacy Policy
Copyright © 2015. MAXWELL Scientific Publication Corp., All rights reserved