Economic Efficiency of Cassava Based Farmers in Southern Wetland Region of Cross River State, Nigeria: A Translog Model Approach
Sunday B. Akpan, Uwemedimo E. Okon, Elizabeth N. Jeiyol, Kesit K. Nkeme, Daniel E. John
Abstract
The study estimated translog stochastic profit function and economic efficiency model for cassava based farmers in Southern Wetland region of Cross River State, Nigeria. Two-stage random sampling method was used to select 120 cassava based farmers in the study area. Maximum likelihood estimates of the specified models revealed an average economic efficiency of about 0.58. The results further showed that level of farming involvement, farmer’s education, ability to predict rainfall, farming experience, household size, soil management technique adopted, extension agent visits and farm size are significant determinants of profit efficiency of cassava based farmers in southern wetland region of Cross River State. To increase farmer’s economic efficiency, farm-level policies aimed at improving farmer’s education, reduction in production constraints and increase in extension agent visits; as well as increase private investment in the sub-sector, were recommended.
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