SENSITIVITY ANALYSIS AND FUTURE FARM SIZE PROJECTION OF BIO-FORTIFIED CASSAVA PRODUCTION IN OYO STATE, NIGERIA
Journal: Malaysian Journal of Sustainable Agriculture (MJSA)
Author: Kolapo Adetomiwa, Ojo Christianah Funmilayo, Lawal Adebayo Morenikeji, Abayomi Tajudeen Sarumi, Muhammed, Opeyemi Abdulmumin
This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
The study examined the costs and returns to bio-fortified cassava production and forecast the future farm size of bio-fortified cassava production in Oyo State, Nigeria. A multistage sampling technique was used to select our respondents. Primary data were used for the study which were collected through a well-structured questionnaire. Data collected were analyzed using descriptive, Markov chain, and budgetary analysis. The result of the study showed that TMS 01/0593, TMS 01/0539 and TMS 01/0220 were the mostly grown varies of bio-fortified cassava varieties in Oyo State, Nigeria. The result of the budgetary analysis showed that the average net return (net farm income) from the production of bio-fortified cassava was ₦196710.95 with RORI of 224.95%. The result revealed that at 35% increase in cost of production, the rate of return on investment dropped to 140.70% in which the investment will not be viable. The bio-fortified cassava farmers have a great potential to boost production through increases in farm sizes of the bio-fortified cassava famers until the year 2026 when equilibrium would be attained at about 2.85ha. In order to adequately achieve these goals, more improved varieties of bio-fortified cassava should be provided. Consequently, infrastructures should be put in place to help boost farmers moral in their cause of production.