International Journal of Agriculture, Environment and Bioresearch

ISSN : 2456-8643

Economic Evaluation Of Okra (Abelmoschus Esculentus L) Production In Ayamelum Local Government Area, Anambra State

Authors: Okonkwo-Emegha, K. and Unaeze C. C.

Abstract:

The economic analysis of okra production among smallholder farmers in Ayamelum Local Government Area of Anambra was conducted, utilizing cross-sectional data from 100 randomly sampled respondents. The study employed various analytical techniques, including descriptive statistics, budgetary analysis, and linear regression modeling. The socio-economic characteristics of okra farmers revealed a dominance of female farmers (66%) in the study area, with the majority falling within the age range of 41-60 (50%). Married individuals constituted the largest group (52%), and the majority had completed only primary education (43%). Farmers had an average farming experience of 10.45 years and an average household size of 8.68. Additionally, almost half of the farmers (45%) were members of a cooperative association, while 39% had access to extension contacts. The cost and returns analysis indicated the financial viability of okra production, with positive gross margins, net returns, and a profitability index of 51.2%. The return on investment was 0.91, signifying a positive venture for okra farmers.