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. |
