Profit is the driving force for any enterprises to thrive well, because it encourages more investment into an enterprise. One of the major barriers to investing in plantain value chain is inadequate information on return to investment. Thus, this paper investigated profitability of investors along plantain value chain in Osun state. A multistage sampling procedure was used to elicit information from 100 respondents for the study. Data were analysed using descriptive analysis, budgetary analysis, and multiple regression analysis. Descriptive statistics reveal that average age was 52.2 (±11.19) years for plantain farmers, 41.8 (±10.78) years for processors and marketers 33.42 (±11.99). While, average farming experience was 26.9 (±10.88) years for plantain farmers, 12.47 (±10.78) years for processors and marketers 5.84 (±19.12). About 6.7% farmers, 15.6% processors and 13.2% marketers had access to credit facilities. The budgetary analysis showed that benefit-cost ratios were $1.38, $1.30 and $1.19 for the farmers, processors and marketers, respectively. Multiple regression estimates revealed that insecticide used (p<0.1) and numbers of plantain harvested (p<0.01) significantly influenced the profitability of the plantain farmers, while age (p<0.1), level of formal education (p<0.05), amount invested into the business (p<0.01) and household size (p<0.05) significantly influenced the profitability of the plantain marketers. Only household size (p<0.01) significantly influenced the profitability of the plantain processor. In accordance with the findings of the study, we therefore recommend that subsidized cost of inputs and better access to credit among the investors along the value chain would increase the level of return to the investment.
| Published in | Ecology and Evolutionary Biology (Volume 4, Issue 2) |
| DOI | 10.11648/j.eeb.20190402.13 |
| Page(s) | 23-27 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Profitability, Plantain, Value Chain, Investment
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APA Style
Oke Joel Taiwo Oluseye, Ogunleye Ayodeji Sunday, Kehinde Ayodeji Damilola. (2019). Profitability of Investment in Plantain Value Chain in Osun State, Nigeria. Ecology and Evolutionary Biology, 4(2), 23-27. https://doi.org/10.11648/j.eeb.20190402.13
ACS Style
Oke Joel Taiwo Oluseye; Ogunleye Ayodeji Sunday; Kehinde Ayodeji Damilola. Profitability of Investment in Plantain Value Chain in Osun State, Nigeria. Ecol. Evol. Biol. 2019, 4(2), 23-27. doi: 10.11648/j.eeb.20190402.13
AMA Style
Oke Joel Taiwo Oluseye, Ogunleye Ayodeji Sunday, Kehinde Ayodeji Damilola. Profitability of Investment in Plantain Value Chain in Osun State, Nigeria. Ecol Evol Biol. 2019;4(2):23-27. doi: 10.11648/j.eeb.20190402.13
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Download@article{10.11648/j.eeb.20190402.13,
author = {Oke Joel Taiwo Oluseye and Ogunleye Ayodeji Sunday and Kehinde Ayodeji Damilola},
title = {Profitability of Investment in Plantain Value Chain in Osun State, Nigeria},
journal = {Ecology and Evolutionary Biology},
volume = {4},
number = {2},
pages = {23-27},
doi = {10.11648/j.eeb.20190402.13},
url = {https://doi.org/10.11648/j.eeb.20190402.13},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eeb.20190402.13},
abstract = {Profit is the driving force for any enterprises to thrive well, because it encourages more investment into an enterprise. One of the major barriers to investing in plantain value chain is inadequate information on return to investment. Thus, this paper investigated profitability of investors along plantain value chain in Osun state. A multistage sampling procedure was used to elicit information from 100 respondents for the study. Data were analysed using descriptive analysis, budgetary analysis, and multiple regression analysis. Descriptive statistics reveal that average age was 52.2 (±11.19) years for plantain farmers, 41.8 (±10.78) years for processors and marketers 33.42 (±11.99). While, average farming experience was 26.9 (±10.88) years for plantain farmers, 12.47 (±10.78) years for processors and marketers 5.84 (±19.12). About 6.7% farmers, 15.6% processors and 13.2% marketers had access to credit facilities. The budgetary analysis showed that benefit-cost ratios were $1.38, $1.30 and $1.19 for the farmers, processors and marketers, respectively. Multiple regression estimates revealed that insecticide used (p<0.1) and numbers of plantain harvested (p<0.01) significantly influenced the profitability of the plantain farmers, while age (p<0.1), level of formal education (p<0.05), amount invested into the business (p<0.01) and household size (p<0.05) significantly influenced the profitability of the plantain marketers. Only household size (p<0.01) significantly influenced the profitability of the plantain processor. In accordance with the findings of the study, we therefore recommend that subsidized cost of inputs and better access to credit among the investors along the value chain would increase the level of return to the investment.},
year = {2019}
}
TY - JOUR T1 - Profitability of Investment in Plantain Value Chain in Osun State, Nigeria AU - Oke Joel Taiwo Oluseye AU - Ogunleye Ayodeji Sunday AU - Kehinde Ayodeji Damilola Y1 - 2019/09/27 PY - 2019 N1 - https://doi.org/10.11648/j.eeb.20190402.13 DO - 10.11648/j.eeb.20190402.13 T2 - Ecology and Evolutionary Biology JF - Ecology and Evolutionary Biology JO - Ecology and Evolutionary Biology SP - 23 EP - 27 PB - Science Publishing Group SN - 2575-3762 UR - https://doi.org/10.11648/j.eeb.20190402.13 AB - Profit is the driving force for any enterprises to thrive well, because it encourages more investment into an enterprise. One of the major barriers to investing in plantain value chain is inadequate information on return to investment. Thus, this paper investigated profitability of investors along plantain value chain in Osun state. A multistage sampling procedure was used to elicit information from 100 respondents for the study. Data were analysed using descriptive analysis, budgetary analysis, and multiple regression analysis. Descriptive statistics reveal that average age was 52.2 (±11.19) years for plantain farmers, 41.8 (±10.78) years for processors and marketers 33.42 (±11.99). While, average farming experience was 26.9 (±10.88) years for plantain farmers, 12.47 (±10.78) years for processors and marketers 5.84 (±19.12). About 6.7% farmers, 15.6% processors and 13.2% marketers had access to credit facilities. The budgetary analysis showed that benefit-cost ratios were $1.38, $1.30 and $1.19 for the farmers, processors and marketers, respectively. Multiple regression estimates revealed that insecticide used (p<0.1) and numbers of plantain harvested (p<0.01) significantly influenced the profitability of the plantain farmers, while age (p<0.1), level of formal education (p<0.05), amount invested into the business (p<0.01) and household size (p<0.05) significantly influenced the profitability of the plantain marketers. Only household size (p<0.01) significantly influenced the profitability of the plantain processor. In accordance with the findings of the study, we therefore recommend that subsidized cost of inputs and better access to credit among the investors along the value chain would increase the level of return to the investment. VL - 4 IS - 2 ER -
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