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ISSN : 2456-8643

Title:
ANALYSIS OF ASSET OWNERSHIP AND NON- FARM ACTIVITIES AMONG FARMING HOUSEHOLDS IN OGUN STATE, NIGERIA

Authors:
Akerele, E. O., Oyebanjo O.,Akerele, E. F. and Akomolede L. A.

Abstract:
This study focused on analysis of asset ownership and non-farm activities among farming households in Ilaro Agricultural Zone, Ogun State, Nigeria. The data analysis was carried out with the use of primary and secondary data through the use of structured questionnaire administered on 80 sampled farmers. The respondents were selected by multistage sampling techniques. Descriptive analysis was used to analysis the socio- economic characteristics of the farmers in the study area. Budgetary analysis was also used to estimate the cost and return structure of the farmers in the study area. Multiple regression analysis was done to determine the effect of analysis of asset ownership and non- farm activities among farming households. Also, stochastic frontier production function was used to access the effect of socio economic factors on non- farm activities. The findings revealed that 33.8% of the farmers had formal education up to tertiary level and 85% had farming as their main occupation. The budgetary analysis showed that analysis of asset ownership and non- farm activities was quite profitable in the study area. The average gross revenue N292,406.45 and the net farm income was N258,654.71, the stochastic frontier analysis result revealed that some variables such as educational level, farm experience have negative coefficient and statistically significant , which implies increase in these variable will decrease the technical inefficient and positive coefficient variables will increase the technical efficiency of the asset ownership. Based on the finds of this study, the following recommendations were made: there is need to design a policy to ensure that farmers have good access to fertilizer through adequate supply and efficient distribution so as to increase productivities. This could be achieved through the expansion of domestic production and the development of rural infrastructure, especially rural roads that can facilitate accessibility at lower cost of the farmer. Also policy attention should also be directed towards providing labour saving technology to ease farm operation

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