PROFITABILITY ANALYSIS OF CASSAVA VALUE ADDED PRODUCTS IN IGUEBEN LOCAL GOVERNMENT AREA OF EDO STATE, NIGERIA

Author(s): Nwandu, Peter Ifeanyichukwu, Otitoju, Moradeyo Adebanjo, Ike, Pius Chinwuba, Idehen, Pamela Ese
Volume/Issue: Volume 1 , Issue 1 (2021)

ABSTRACT:

This research described the demographic and economic features between two groups of cassava producing farmers. Data were collected from one hundred and twenty-five (125) farmers in five villages visited. Descriptive statistics was employed to analyse the first objective. Majority of the cassava farmers are females (71.8%) who are married (64.5%) with average age above 52 years (43.6%)and had completed secondary education (40.9%). Result showed that out of 81% of the cassava farmers, 38.2% processed cassava into garri, 25.5% are into fufu production while 17.3% of the cassava farmers are into both gari and fufu production in the study area. The gross margin analysis showed that farmers processing cassava to fufu had a relatively higher gross margin of N191,170 compared to N56,880 for cassava farmers processing garri. In a corresponding manner the return on investment showed a similar trend of higher 0.58 as against 0.20 for garri producers respectively. This suggests a positive impact of modern input use in the processing of cassava to fufu, garri, tapioca and other varieties of related products.

KEYWORDS:

Cassava, Fufu, Gari, Gross Margin, Profitability